On March 27, 2026, Planet Labs PBC (NYSE: PL) announced the redemption of all outstanding public warrants to purchase shares of its Class A common stock. The warrants, issued under the Warrant Agreement dated March 4, 2021, will be redeemed at a price of $0.01 per warrant. This decision follows the company's compliance with the terms of the Warrant Agreement, which allows for redemption if the Class A common stock's price exceeds $18.00 per share for a specified period. The redemption date is set for April 27, 2026, at 5:00 p.m. New York City time. Holders of the warrants are encouraged to exercise their rights before the redemption date, as any unexercised warrants will become void and holders will only receive the redemption price. The announcement is expected to have a small positive effect on the stock price as it clarifies the company's capital structure and provides an opportunity for warrant holders to convert their warrants into equity at a favorable price.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.