---
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"
generated_at: "2026-06-05T12:50:14.385594+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Planet Labs PBC enters $1.5B at-the-market equity distribution agreement with multiple banks

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-024109
- JSON: https://secwatch.observer/filing/0001140361-26-024109.json
- Plain text: https://secwatch.observer/filing/0001140361-26-024109.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: atm program
  - Counterparty: 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
  - Value: up to $1,500,000,000
  - Effective: 2026-06-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1836833/000114036126024109/0001140361-26-024109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.