On September 12, 2025, Planet Labs, PBC, completed an upsized offering of $460 million aggregate principal amount of convertible senior notes due 2030, in a private transaction. The offering amount included the exercise in full of the option that Planet Labs had granted to the initial purchasers to purchase up to an additional $60 million of notes. In connection with the offering, Planet Labs entered into privately negotiated capped call transactions with an affiliate of one of the initial purchasers and certain other financial institutions. Wilson Sonsini Goodrich & Rosati advised Planet Labs on the transaction.

The Wilson Sonsini team that advised Planet Labs included:

Corporate
Katharine Martin
Lauren Lichtblau
Courtney Matteson
Isaac Reed
Riven Bu

Corporate Finance
Erik Franks
Alex Weber
Trevor Mathews

Derivatives
Andrew Ralston
Roshanne Arathoon
Angelica Lee

Tax
Myra Sutanto Shen
Rob Sherrill​

​​For more information, please see Planet Labs’ 8-K filing. Additional coverage can be found on Business Wire.