Planet Labs Inc. to Become Publicly Traded via Merger with dMY Technology Group, Inc. IV
December 2, 2021
Planet Labs Inc. entered into a definitive merger agreement with SPAC dMY Technology Group, Inc. IV to take Planet public. The deal is expected to close later in 2021, with an approximately $2.8 billion post-transaction equity valuation and at least $589 million in gross proceeds to the combined company.
- Buyers
- dMY Technology Group, Inc. IV, Planet Labs Inc., BlackRock
- Targets
- Planet Labs Inc.
- Industry
- Data & Analytics
- Location
- United States
- Transaction Type
- Buyout
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