We advised the sales agents on the transaction

Davis Polk advised the sales agents in connection with the SEC-registered at-the-market offering program by Planet Labs PBC under which Planet may issue and sell shares of its Class A common stock for up to an aggregate amount of $1.5 billion. Davis Polk also advised the forward sellers and forward purchasers in connection with the forward sale component of the at-the-market offering program. The common stock is listed on the New York Stock Exchange under the symbol “PL.”

Planet was founded to design, construct and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers via an online platform. The company’s mission is to use space to help life on Earth, by imaging the world every day and making global change visible, accessible and actionable.

The Davis Polk corporate team included partners Alan F. Denenberg and Beth LeBow and associates Karen Yang and Hannah R. Carter. The equity derivatives team included partner Mark J. DiFiore and counsel Katharine O’Banion. The tax team included partner Lucy W. Farr and associate Bryce Maxey. Partner Frank Azzopardi and associate Daniella Martino provided intellectual property and data privacy advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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