Planet Labs completes SPAC merger with dMY IV; raises $590M incl. $252M PIPE

Planet Labs PBC

Merger closed Dec 7, 2021; Planet Labs becomes public on NYSE under ticker PL.
Gross proceeds of $590.2M; transaction expenses of ~$54.4M; PIPE contributed $252M.
Nine months ended Oct 31, 2021: revenue $94.1M, net loss $91.2M, cash $58.9M.
Auditor changed from Withum to Ernst & Young; fiscal year end changed to January 31.
All outstanding convertible notes and warrants converted into equity at 1.53184 ratio.

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