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Founded Year

2021

Stage

IPO | Merged

Valuation

$0000 

About dMY Technology Group IV

dMY Technology Group IV (NYSE: DMYQU) is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.

dMY Technology Group IV Headquarter Location

1180 North Town Center Drive Suite 100

Las Vegas, Nevada, 89144,

United States

702-781-4313

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Latest dMY Technology Group IV News

Planet Announces Effectiveness of dMY IV’s S-4 Registration Statement

Nov 10, 2021

Special Meeting of dMY Technology Group, Inc. IV Stockholders to Approve Business Combination, Scheduled for December 3rd, 2021 Upon Closing, the Combined Company’s Common Stock and Warrants are Expected to Trade on the New York Stock Exchange Under the Tickers “PL” and “PL WS”, respectively SAN FRANCISCO, November 08, 2021 (Planet Labs PR)–Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, today announced that, on November 5, 2021, the Securities and Exchange Commission (“SEC”) declared effective the Registration Statement on Form S-4 (“Registration Statement”) in connection with its proposed business combination (the “Business Combination”) with dMY Technology Group, Inc. IV, a publicly traded special purpose acquisition company (NYSE: DMYQ) (“dMY IV”). dMY IV will hold a special meeting of its stockholders via a live webcast at  https://www.cstproxy.com/dmytechnologyiv/2021  on December 3, 2021 at 12:00 p.m. Eastern Standard Time (“Special Meeting”) for its stockholders of record at the close of business on October 19, 2021 to vote on, among other things, the Business Combination. dMY IV has also filed with the SEC a definitive proxy statement/prospectus relating to Business Combination and has commenced mailing the definitive proxy statement/prospectus to its stockholders as of the record date. The Business Combination is expected to close shortly after the Special Meeting, subject to stockholder approvals and satisfaction of other customary closing conditions. “We are pleased to have reached this critical milestone on our journey to becoming a public company,” said Planet CEO and co-Founder Will Marshall. “We believe Planet is ready to go public, and that this transaction will enable us to accelerate growth, and build additional software and machine-learning-enabled data products.” “Planet has harnessed the power of space to help life on Earth, and we believe it has tremendous continued growth potential as data increasingly becomes the fuel that powers the global economy,” said Niccolo de Masi, CEO of dMY IV. “We encourage our fellow dMY IV stockholders to support this business combination that will help Planet realize this potential.” Planet’s proprietary data drives a high-growth subscription business with over $100 million in revenue in fiscal year 2021 from over 700 customers across many verticals. In addition to the $345 million in dMY IV’s trust account (assuming no stockholder redemptions), the Business Combination includes a private placement (the “PIPE”) of over $250 million, with key participation including CPP Investments, Koch Strategic Platforms, Marc Benioff’s TIME Ventures, existing Planet investor Google, and Cypress Point Investment Management. The Business Combination values Planet at a post-transaction equity value of approximately $2.8 billion, assuming no redemptions by dMY IV’s stockholders. Planet’s management team, led by CEO and co-Founder Will Marshall, Chief Strategy Officer and co-Founder Robbie Schingler, CFO and COO Ashley Johnson and President, Product and Business Strategy Kevin Weil, will continue to lead the public company following the Business Combination. Planet intends to use the proceeds from the Business Combination to expand its operations and services to enable a more sustainable and secure planet. Recent Momentum Revenue increased 19% year-over-year to a record $30.4 million Percent of Recurring ACV was 93%, as compared to 92% in the previous year’s comparable quarter End of Period Customer Count increased 36% year-over-year to 732 customers Reiterated $130 million Revenue Outlook for Fiscal Year 2022 Additional recent business highlights: Canada Pension Plan Investment Board (“CPP Investments”) committed to purchase $50 million in a private placement of Class A common stock of dMY IV at the closing of the Business Combination. Cypress Point Investment Management also participated in a co-investment. These commitments are in addition to the $200 million in private placement proceeds committed earlier this year. With these investments, the minimum cash closing condition of the Business Combination under the merger agreement would be satisfied. Planet held its first-ever Analyst Day on September 21st, where it emphasized its technology market leadership position, diversified customer base, compelling data subscription business model, growing sales pipeline (up 45% year-over-year), among other highlights. Planet recently announced that Twitter’s Vijaya Gadde will be joining its Board of Directors. Planet expanded its commercial contract with NASA, granting all U.S. Federal Civilian scientific researchers – nearly 300,000 users, access to Planet data. Planet held its third-annual user conference, Planet Explore ‘21, which was a huge success with 6,300 virtual registrants, over 100 speakers, and a number of exciting product announcements including next-generation very high-resolution Pelican satellites and Fusion with SAR. About Planet Planet is the leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprised of the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Earlier this year, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ), a special purpose acquisition company, to become a publicly-traded company later this year. To learn more visit  www.planet.com  and follow us on Twitter at @planet. About dMY IV dMY Technology Group, Inc. IV is a $345 million special purpose acquisition company founded by Niccolo de Masi and Harry You for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Its Class A common stock, units and warrants trade on the NYSE under the ticker symbols DMYQ, DMYQ.U and DMYQ WS, respectively. More information can be found at  www.dmytechnology.com . Important Information and Where to Find It This press release may be deemed solicitation material in respect of the proposed Business Combination between dMY IV and Planet. The Business Combination will be submitted to the stockholders of dMY IV and Planet for their approval. In connection with the vote of dMY IV’s stockholders, dMY IV has filed a Registration Statement with SEC, which includes a proxy statement/prospectus and certain other related documents. This communication does not contain all the information that should be considered concerning the proposed Business Combination and the other matters to be voted upon at the special meeting and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. dMY IV’s stockholders and other interested parties are urged to read, the Registration Statement, which includes the preliminary proxy statement/prospectus, the amendments thereto, the definitive proxy statement and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC carefully and in their entirety in connection with dMY IV’s solicitation of proxies for the special meeting, as these materials will contain important information about Planet and dMY IV and the proposed Business Combination and other related matters. dMY IV has commenced mailing the definitive proxy statement/prospectus and a proxy card to each stockholder of record as of October 19, 2021 entitled to vote at the special meeting relating to the transaction. Such stockholders will also be able to obtain copies of these materials, without charge, once available, at the SEC’s website at  http://www.sec.gov , at the Company’s website at  https://www.dmytechnology.com  or by written request to dMY Technology Group, Inc. IV at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144 Participants in the Solicitation dMY IV, dMY Sponsor IV, LLC, Planet and their respective directors and executive officers may be deemed participants in the solicitation of proxies from dMY IV’s stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in dMY IV is included in the Registration Statement, which includes the preliminary proxy statement/prospectus, the amendments thereto, the definitive proxy statement of dMY IV, for the Business Combination and is available at  www.sec.gov . Additional information regarding the interests of such participants will be contained in the definitive proxy statement/prospectus for the Business Combination when available. You may obtain free copies of these documents as described in the preceding paragraph.

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