Planet Labs prices $1.5B at-the-market offering at prevailing market prices, $43.53/share reference

Filed June 5, 2026 · ~2 min read

Key Changes

• high

  Planet Labs is offering up to $1.5 billion of common stock through an at-the-market program, selling shares incrementally at prevailing market prices rather than a single fixed price. At the June 4, 2026 reference price of $43.53/share, the company would issue 34.5 million shares, bringing total shares outstanding to 367.4 million.

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• high

  At the assumed $43.53 price, the implied post-offering market capitalization is $16.0 billion (367.4M shares outstanding). New investors face $38.75 per-share dilution, paying $43.53 for shares with a net tangible book value of $4.78 after the offering.

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• medium

  Net proceeds will fund future growth including potential acquisitions, plus general corporate and working capital purposes. The company retains broad discretion over use of proceeds and does not plan to pay dividends.

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