secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001193125-21-355383
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 5.06, 3.02, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312521355383/0001193125-21-355383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312521355383/d278527d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-355383

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer