M&A
confidence high
sentiment neutral
materiality 0.65
dMY IV's S-4 effective for Planet Labs merger; special meeting Dec 3
Planet Labs PBC
- SEC declared effective S-4 for business combination between dMY IV (DMYQ) and Planet Labs.
- Special stockholder meeting to approve merger set for Dec 3, 2021; close expected shortly after.
- Transaction values Planet at ~$2.8B post-transaction equity; $345M trust + $250M PIPE.
- Planet reported $30.4M Q2 revenue (+19% YoY), 732 customers; FY22 outlook $130M.
- PIPE investors include CPP Investments, Koch Strategic Platforms, Google, Marc Benioff's TIME Ventures.