8-KCurrent report
Other events
✓ VerifiedPlanet Labs completed its public warrant redemption: 99.2% of the 9,162,223 warrants were exercised at $11.50, raising $104.5 million and leaving no public warrants outstanding.
Filed May 4, 2026 · 17:23 ET
Summary
- The redemption announced March 27, 2026 completed with 9,090,913 of 9,162,223 warrants exercised for cash at $11.50 per share.
- Exercises represented 99.2% of the outstanding warrants and produced aggregate cash proceeds of $104.5 million.
- After the redemption date the company had 332,899,400 Class A shares outstanding and no public warrants.
Key facts
- Proceeds
- $104.5 million
From the filing for Proceeds
“resulting in aggregate cash proceeds of $104.5 million”
- Exercise rate
- 99.2%
From the filing for Exercise rate
“representing 99.2% of the outstanding Public Warrants”
Why it mattersThe SPAC-era warrant overhang converts into $104.5 million of cash instead of a discount on the stock.
- Filed
- May 4, 2026
- Accepted
- 2026-05-04 21:23Z
- Period
- May 4, 2026
- Accession no.
- 0001193125-26-204366
- Size
- 160 KB
- Index
- Filing index