Planet Labs PBC Closes $460 Million Upsized Offering of Convertible Senior Notes Due 2030

Reuters

2025/09/13

Planet Labs PBC Closes $460 Million Upsized Offering of Convertible Senior Notes Due 2030

Planet Labs PBC has announced the closing of its private upsized offering of $460,000,000 in aggregate principal amount of 0.50% Convertible Senior Notes due 2030. The offering includes the full exercise of the option to purchase an additional $60,000,000 aggregate principal amount of notes. The notes have been structured with a 0.50% interest rate and a five-year maturity. The initial conversion price is set at approximately $11.95 per share, representing a 32.5% premium above the closing price of $9.02 per share of Planet's Class A common stock on September 9, 2025. The issuance is accompanied by capped call transactions, increasing the effective conversion price to 200% of the stock's closing price on the same date, with an adjusted conversion threshold at $18.04 per share. Planet Labs retains the option to settle note conversions in cash, stock, or a combination of both. View source version on businesswire.com.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet Labs PBC published the original content used to generate this news brief via Business Wire (Ref. ID: 20250912642458) on September 12, 2025, and is solely responsible for the information contained therein.

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View source version on businesswire.com.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet Labs PBC published the original content used to generate this news brief via Business Wire (Ref. ID: 20250912642458) on September 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4123","symbol_name":"調查和諮詢服務","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250912:nNDLM3KBy:1","article_id":"2567904880","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567904880","pubTimestamp":1757709023,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Planet Labs PBC has announced the closing of its private upsized offering of $460,000,000 in aggregate principal amount of 0.50% Convertible Senior Notes due 2030. 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