Planet Labs completes de-SPAC merger with dMY IV; begins trading Dec 8 under PL

Planet Labs PBC

Business combination closed Dec 7, 2021; dMY IV renamed Planet Labs PBC.
PIPE investment of $252M ($10/share) from 25.2M shares; $6.9M in redemptions at ~$10/share.
Post-close: 241.5M Class A and 21.2M Class B shares outstanding; warrants PL WS listed.
New board includes William Marshall (CEO/Chair), Robert Schingler (CSO), Ashley Johnson (CFO/COO), Kevin Weil (President).
Earnout: up to 27M additional shares if stock hits $15/$17/$19/$21 within 5 years.

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