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SEC filingSpire Global Canada received a termination notice for its WildFireSat contract with the Canadian government, valued at Can$71.8 million if all milestones were achieved.
On April 23, 2026, Spire Global Canada Subsidiary Corp., a wholly owned subsidiary of Spire Global, Inc., received a written notice terminating for convenience, effective immediately, its contract with the Canadian government to design and develop the WildFireSat constellation of satellites for monitoring wildfires. The contract, awarded by the Canadian Space Agency through Public Works and Government Services, had a potential aggregate value of Can$71.8 million if all milestones were achieved. The termination eliminates this expected revenue stream. However, the company may submit a settlement proposal by May 7, 2026, to recover costs incurred up to termination. The contract was originally disclosed in an 8-K filed on February 7, 2025. Investors should monitor the settlement outcome and any impact on Spire Global's revenue pipeline.