Spire Global (NYSE: SPIR) Canadian WildFireSat contract ended early

Rhea-AI Filing Summary

Spire Global, Inc. reported that its wholly owned subsidiary, Spire Global Canada Subsidiary Corp., had its WildFireSat satellite contract with the Government of Canada terminated for convenience, effective immediately, on April 23, 2026.

The contract covered design and development of the WildFireSat constellation to monitor wildfires in Canada for the Canadian Space Agency and would have had an aggregate value of Can$71.8 million if all milestones were achieved. Spire may submit a settlement proposal for costs arising from the termination no later than May 7, 2026, following procedures set by Public Works and Government Services Canada.

Insights

Aerospace & government contracts analyst

Spire loses a sizable Canadian wildfire monitoring contract but can seek cost recovery.

The Canadian government terminated for convenience Spire’s WildFireSat contract, which could have totaled Can$71.8 million if all milestones were completed. The work involved designing and developing a wildfire-monitoring satellite constellation for the Canadian Space Agency.

Termination for convenience indicates the customer ended the agreement without alleging breach. Spire is allowed to submit a settlement proposal for termination-related costs by May 7, 2026 under Public Works and Government Services procedures. The financial effect will depend on how much of the contract had been performed and what costs are recoverable.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Key Figures

Potential contract value: Can$71.8 million Termination effective date: April 23, 2026 Settlement proposal deadline: May 7, 2026

3 metrics

Potential contract value Can$71.8 million Aggregate value including HST if all milestones achieved

Termination effective date April 23, 2026 Date the WildFireSat contract was terminated for convenience

Settlement proposal deadline May 7, 2026 Latest date to submit cost settlement proposal after termination

Key Terms

termination of a material definitive agreement, terminated for convenience, WildFireSat constellation, settlement proposal, +1 more

5 terms

termination of a material definitive agreement regulatory

"Item 1.02 Termination of a Material Definitive Agreement."

terminated for convenience regulatory

"received a written notice terminating for convenience, effective immediately, the contract"

WildFireSat constellation technical

"design and develop the WildFireSat constellation of satellites to monitor wildfires"

settlement proposal financial

"the Company may submit a settlement proposal with respect to costs arising from the termination"

Procedures Information Guide regulatory

"in accordance with the Procedures Information Guide provided by PWGS"

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Accepted by SEC EDGAR 04/24/2026 - 04:04 PM Learn about SEC filing dates

FAQ

What contract did Spire Global (SPIR) have terminated by the Canadian government?

Spire Global’s Canadian subsidiary had its contract with His Majesty the King in right of Canada terminated for convenience. The agreement covered design and development of the WildFireSat satellite constellation to monitor wildfires in Canada for the Canadian Space Agency.

How large was the terminated WildFireSat contract for Spire Global (SPIR)?

If all contractual milestones had been achieved, the WildFireSat contract would have had an aggregate value of about Can$71.8 million, including harmonized sales tax. This figure reflects the full potential size of the agreement rather than the amount actually earned to date.

When was Spire Global’s (SPIR) WildFireSat contract terminated?

Spire Global Canada Subsidiary Corp. received written notice on April 23, 2026, that the WildFireSat contract was terminated for convenience, effective immediately. This ended the agreement with the Canadian government covering design and development work for wildfire-monitoring satellites.

Can Spire Global (SPIR) recover costs after the WildFireSat contract termination?

Spire may submit a settlement proposal for costs arising from the termination no later than May 7, 2026. The proposal must follow the Procedures Information Guide provided by Public Works and Government Services Canada, which governs how such termination-related costs are evaluated.

Who was the counterparty on Spire Global’s (SPIR) terminated WildFireSat contract?

The contract was with His Majesty the King in right of Canada, represented by the Minister of Public Works and Government Services. The work was for the Canadian Space Agency and involved building the WildFireSat satellite constellation to monitor wildfires across Canada.

0001816017false00018160172026-04-232026-04-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 23, 2026

SPIRE GLOBAL, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-39493	85-1276957
(State or other jurisdiction of incorporation)			(Commission File Number)	(IRS Employer Identification No.)
8000 Towers Crescent Drive Suite 1100
Vienna, Virginia				22182
(Address of principal executive offices)				(Zip code)

Registrant’s telephone number, including area code: (202) 301-5127

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value of $0.0001 per share		SPIR		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

On April 23, 2026, Spire Global Canada Subsidiary Corp. (the “Company”), a wholly owned subsidiary of Spire Global, Inc., received a written notice terminating for convenience, effective immediately, the contract with His Majesty the King in right of Canada, as represented by the Minister of Public Works and Government Services (“PWGS”), pursuant to which the Company agreed to design and develop the WildFireSat constellation of satellites to monitor wildfires in Canada for the Canadian Space Agency. If all contractual milestones had been achieved, the contract would have had an aggregate value of Can$71.8 million, including harmonized sales tax. No later than May 7, 2026, the Company may submit a settlement proposal with respect to costs arising from the termination of the contract in accordance with the Procedures Information Guide provided by PWGS.

The foregoing description of the contract does not purport to be complete and is qualified in its entirety by reference to the full text of the contract, a copy of which was included as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 7, 2025 and is incorporated by reference herein.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			SPIRE GLOBAL, INC.
Date:	April 24, 2026	By:	/s/ Theresa Condor
		Name: Title:	Theresa Condor President and Chief Executive Officer

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