{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-034840","form_type":"8-K","ticker":"PL","cik":"0001836833","company_name":"Planet Labs PBC","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.233671+00:00","generated_at":"2026-05-17T06:45:59.227367+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Planet Labs issues $460M convertible notes at 0.50% due 2030, conversion price $11.95","bullets":["Upsized and priced $400M (plus $60M over-allotment) 0.50% Convertible Senior Notes due Oct 2030.","Initial conversion price ~$11.95 per share, a 32.5% premium to $9.02 close on Sept 9.","Net proceeds ~$445.8M after discounts and capped call cost; ~$39.6M used for capped calls.","Capped call transactions cap price $18.04 per share to reduce dilution on conversion.","Notes are unsecured, redeemable after Oct 2028 if stock price ≥130% of conversion price."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-034840","json":"https://secwatch.observer/filing/0001140361-25-034840.json","markdown":"https://secwatch.observer/filing/0001140361-25-034840.md","text":"https://secwatch.observer/filing/0001140361-25-034840.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836833/000114036125034840/0001140361-25-034840-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836833/000114036125034840/ef20055521_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:45:59.227367+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35fd3cf7828dbebcc139d8274d8b4b4836d94728","claim":"Planet Labs PBC incurred convertible notes of $460 million with U.S. Bank Trust Company, National Association at 0.50% per annum maturing October 15, 2030.","evidence_excerpt":"of the Exchange Act. ☐ Item 1.01 Entry into a Material Definitive Agreement. Convertible Notes and the Indenture On September 12, 2025, Planet Labs PBC (the “Company”) issued $460 million in aggregate principal amount of its 0.50% Convertible Senior Notes due 2030 (the “Notes”) pursuant to an indenture (the “Indenture”), dated September 12, 2025, between the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836833/000114036125034840/0001140361-25-034840-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$460 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0.50% per annum"},{"label":"Maturity","value":"October 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"64f8b525ccfa260174254c2fc7451bb0765f638c","claim":"Planet Labs PBC issued convertible note to Barclays Capital Inc. and Goldman Sachs & Co. LLC, as representatives of the several initial purchasers for $400 million in aggregate principal amount.","evidence_excerpt":"Capital Inc. and Goldman Sachs & Co. LLC, as representatives of the several initial purchasers named therein (collectively, the “Initial Purchasers”), to issue and sell $400 million in aggregate principal amount of the Notes. In addition, the Company granted the Initial Purchasers an option to purchase up to an additional $60 million in aggregate principal","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836833/000114036125034840/0001140361-25-034840-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"Barclays Capital Inc. and Goldman Sachs & Co. LLC, as representatives of the several initial purchasers"},{"label":"Consideration","value":"$400 million in aggregate principal amount"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}