1. Spire Global sold its maritime segment for $233.5M, eliminating $98M in high-interest debt and reducing financial risk; 2. The company now holds $200M in common equity and $270M in net cash, with significant potential for free cash flow growth; 3. Despite uncertainties around NOAA contracts and SEC filing issues, Spire's focus on weather and climate data positions it for long-term value, with a $300M market cap and $30M near-term free cash flow indicating undervaluation.