secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K/A
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001193125-21-355400
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 3.03, 5.03, 4.01, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312521355400/0001193125-21-355400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312521355400/d267915d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-355400

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