{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-024109","form_type":"8-K","ticker":"PL","cik":"0001836833","company_name":"Planet Labs PBC","filed_at":"2026-06-05T12:44:48+00:00","discovered_at":"2026-06-05T12:50:00.294832+00:00","generated_at":"2026-06-05T12:50:14.385594+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Planet Labs PBC enters $1.5B at-the-market equity distribution agreement with multiple banks","bullets":["Up to $1,500,000,000 of Class A common stock may be sold through ATM or forward sale agreements.","Sales agents include Goldman Sachs, Morgan Stanley, Barclays, Citigroup, Deutsche Bank, BofA, and others.","Forward sale agreements with Goldman Sachs Bank USA and Citibank allow prepayment and share delivery options.","Commissions to sales agents capped at 2% of sales price; company not obligated to sell any shares.","Agreement filed as Exhibit 1.1; shelf registration statement on Form S-3 filed and effective June 5, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-024109","json":"https://secwatch.observer/filing/0001140361-26-024109.json","markdown":"https://secwatch.observer/filing/0001140361-26-024109.md","text":"https://secwatch.observer/filing/0001140361-26-024109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836833/000114036126024109/0001140361-26-024109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836833/000114036126024109/ef20075554_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T12:50:14.385594+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":"3fe144e8a9be340ef5d1c01a2dd49cabbd374cb3","claim":"Planet Labs PBC entered into Equity Distribution Agreement with Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BofA Securities, Inc., Cantor Fitzgerald & Co., Citizens JMP Securities, LLC, Craig-Hallum Capital Group LLC, Needham & Company, LLC, Northland Securities, Inc., We valued at up to $1,500,000,000 (effective 2026-06-05).","evidence_excerpt":"On June 5, 2026 , Planet Labs PBC, a Delaware public benefit corporation (the “Company”), entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with Goldman Sachs & Co. LLC (“Goldman”), Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc., BofA Securities, Inc., Cantor Fitzgerald & Co., Citizens JMP Securities, LLC, Craig-Hallum Capital Group LLC, Needham & Company, LLC, Northland Securities, Inc., Wedbush Securities Inc., Clear Street LLC and JonesTrading Institutional Services, LLC (each, a “Sales Agent”, and collectively, the “Sales Agents”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836833/000114036126024109/0001140361-26-024109-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BofA Securities, Inc., Cantor Fitzgerald & Co., Citizens JMP Securities, LLC, Craig-Hallum Capital Group LLC, Needham & Company, LLC, Northland Securities, Inc., We"},{"label":"Value","value":"up to $1,500,000,000"},{"label":"Effective","value":"2026-06-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}