Planet Announces Completion of Redemption of Public Warrants
Planet Labs PBC completed the redemption of its outstanding public warrants issued during its 2021 IPO, with 99.2% of the warrants exercised prior to the deadline. The exercise of 9,090,913 warrants at $11.50 per share generated $104.5 million in gross proceeds, while the remaining 71,310 warrants were redeemed for a nominal $0.01 each.
Key figures
- Deal Value Usd
- 104500000
- Offering Price
- 11.5
- Shares Offered
- 9090913
- Warrants redeemed
- 71310
- Redemption price total usd
- 713
- Post redemption shares class a
- 332899400
- Post redemption shares class b
- 23493796
AI analysis
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