Planet Labs PBC (PL) Form 424B5 — Jun 5, 2026
Planet Labs PBC (PL) has filed a prospectus supplement for an at-the-market equity distribution agreement with a capacity of up to $1.5 billion. This facility allows the company to sell shares from time to time through a syndicate of sales agents, including Goldman Sachs, Morgan Stanley, and Citigroup, or via range forward transactions with Goldman Sachs Bank USA and Citibank. The filing discloses that Planet Labs had 332.9 million shares outstanding as of April 30, 2026, with a net tangible book value of $0.83 per share.
Key figures
- Cash Position
- 275400000
- Gross Proceeds
- 1500000000
- Offering Price
- 43.53
- Shares Outstanding
- 332899400
- Commission rate
- 2.0%
- Legal expense cap
- 225000
- Initiation expenses
- 1100000
- Net tangible book value per share
- 0.83
- Dilution per share to new investors
- 38.75
- Adjusted net tangible book value per share
- 4.78
Price after filing
Close on the filing date to close N calendar days later (from $43.53). Historical, not a forecast.
AI analysis
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