Planet Labs PBC
Planet Labs PBC Announces Redemption of All Outstanding Public Warrants
Summary
On March 27, 2026, Planet Labs PBC announced the redemption of all its outstanding public warrants to purchase shares of its Class A common stock. The redemption, which will occur on April 27, 2026, is triggered by the stock price reaching $18.00 per share on any twenty trading days within any thirty-day trading period ending on the third trading day prior to the notice of redemption. The warrants will be delisted and void if not exercised by the Redemption Date, with holders receiving a redemption price of $0.01 per warrant. This event is part of the terms of the Warrant Agreement dated March 4, 2021, between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
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About Planet Labs PBC
Planet Labs PBC is a leading Earth imaging and data analytics company specializing in capturing and providing frequent, high-resolution satellite imagery of the Earth. Its primary function is to operate fleets of small, specialized satellites—often called "Doves"—that capture detailed images of Earth's surface daily. This vast constellation of satellites enables Planet Labs to provide valuable insights and data across various sectors, including agriculture, forestry, urban planning, and environmental monitoring. Through its continuous data acquisition capabilities, Planet Labs empowers businesses, governments, and researchers with critical information needed for timely decision-making and strategic planning. The company plays a significant role in enhancing the understanding of global environmental changes, supporting disaster response efforts, and optimizing land use planning. Established in 2010 and headquartered in San Francisco, Planet Labs is at the forefront of revolutionizing how data from space is used to inform decisions on Earth, establishing a new paradigm in satellite data accessibility and utilization. Its contributions span across numerous industries, making it a pivotal player in the space and geospatial information markets.
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