NYSE:PLProfessional Services
Planet Labs Plans US$1.5b Equity Program After Record Growth And Volatility
Planet Labs PBC (NYSE:PL) has launched a US$1.5b at-the-market equity offering program.
The program follows a quarter with record revenue, major government contract wins, and new Pelican satellite deployments.
The at-the-market structure allows the company to issue shares over time rather than in a single capital raise.
Planet Labs PBC comes into this new equity program after a period of very strong share price performance, with the stock up 57.9% year to date and showing a very large gain...