Planet Labs PBC has announced the issuance of certain earnout shares and warrants following the satisfaction of vesting conditions outlined in its Lockup Agreement and Merger Agreement. The Sponsor’s 862,500 unvested Class A Common Stock shares and 2,966,667 warrants to purchase Class A Common Stock have now fully vested, as the closing price of Planet Labs PBC’s Class A Common Stock met or exceeded $15.00, $17.00, $19.00, and $21.00 for at least 20 out of 30 trading days. This milestone also triggered the potential issuance of up to 27 million earnout shares to qualifying former securityholders of Legacy Planet, in line with the terms of the company’s merger agreements. Any earnout securities not vested within five years of the merger closing will be forfeited.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-038075), on February 05, 2026, and is solely responsible for the information contained therein.