PL News & Events

Planet Labs Germany announced a 2-year, 7-figure agreement with the Greek government to support the country's National Satellite Space Project. Signed through the European Space Agency on behalf of the Hellenic Ministry of Digital Governance and the Hellenic Space Center, this contract includes numerous data offerings, including near-daily medium-resolution imagery and high-resolution tasking to support a number of broad area monitoring initiatives. This government-wide deal expands the downstream pillar of the Small Satellite Programme into a full-scale operational contract to power the country's National Satellite Space Project. Greek government institutions have access to over a decade of PlanetScope imagery, high-resolution tasking capabilities and access to Planet's Professional Services team. These capabilities will support historical change analysis, trend detection, rapid response during critical events, and the integration of satellite data into national monitoring workflows. Use cases include land management, agriculture, national disaster planning, and forest and water monitoring, among others. "The Hellenic Space Center (HSC) is committed to turning space-based data into a vital tool for national safety and environmental resilience," said Dimitris Bliziotis, Earth Observation Officer at the Hellenic Space Center. "This agreement with Planet provides our scientists and policymakers with an unprecedented baseline of information. It enables us to build sophisticated downstream services that will systematically monitor our forests and agricultural lands, manage our water resources, and bolster our national security with objective, near-real-time insights."

Planet Labs has completed the redemption of its outstanding public warrants to purchase shares of the Company's Class A common stock, par value $0.0001 per share, that were issued under the Warrant Agreement, dated March 4, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, as part of the units sold in the Company's initial public offering, for a redemption price of $0.01 per Public Warrant, that remained outstanding at 5:00 p.m. New York City time on April 27, 2026. On March 27, 2026, the Company issued a press release stating that, pursuant to the terms of the Warrant Agreement, on the Redemption Date it would redeem all of the outstanding Public Warrants at a redemption price of $0.01 per Public Warrant. Of the 9,162,223 Public Warrants that were outstanding as of March 27, 2026, 9,090,913 were exercised for cash at an exercise price of $11.50 per share in accordance with the terms of the Warrant Agreement, representing 99.2% of the outstanding Public Warrants in the aggregate and resulting in aggregate cash proceeds of $104.5M. A total of 71,310 Public Warrants remained unexercised as of the Redemption Date and the Company redeemed those Public Warrants for an aggregate redemption price of $713. Following the Redemption Date, the Company had 332,899,400 shares of Class A common stock outstanding, 23,493,796 shares of the Company's Class B common stock, par value $0.0001 per share outstanding and no Public Warrants outstanding. In connection with the redemption, the Public Warrants ceased trading on the New York Stock Exchange and were delisted with the suspension of trading effective before market open on April 27, 2026. The Class A common stock continues to trade on the New York Stock Exchange under the symbol "PL."