Planet Labs PBC
Planet Labs Completes Redemption of Public Warrants
Summary
On May 4, 2026, Planet Labs PBC announced the completion of the redemption of its outstanding public warrants for a redemption price of $0.01 per warrant. Of the 9,162,223 warrants outstanding as of March 27, 2026, 9,090,913 were exercised for cash at an exercise price of $11.50 per share, resulting in aggregate cash proceeds of $104.5 million. A total of 71,310 warrants remained unexercised and were redeemed for an aggregate redemption price of $713. Following the redemption, the company had 332,899,400 shares of Class A common stock outstanding, 23,493,796 shares of Class B common stock outstanding, and no public warrants outstanding.
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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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