White & Case Advises dMY Technology Group IV on US$2.8 Billion Business Combination with Planet Labs Inc.
1 min read
Global law firm White & Case LLP has advised dMY Technology Group, Inc. IV (NYSE: DMYQ), a publicly traded special purpose acquisition company (SPAC), on an agreement to combine with Planet Labs Inc. (Planet), a leading provider of daily data and insights about Earth, under which Planet will become a publicly traded company.
Upon closing, the combined company will retain the Planet name and be listed on the NYSE under the ticker symbol PL. The transaction values Planet at a post-transaction equity value of approximately US$2.8 billion.
dMY Technology Group, Inc. IV is a US$345 million SPAC 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.
The White & Case team was led by Capital Markets partners Joel Rubinstein and Jonathan Rochwarger and M&A partner James Hu (all in New York), and included Capital Markets partners Laura Katherine Mann (Houston) and Era Anagnosti (Washington, DC), EIPAF partner Mukund Dhar (London) and IP partner Erin Hanson (New York).
Since 2020, White & Case's SPAC team has led more than 100 IPOs valued at over US$35 billion and more than 35 SPAC business combinations valued at over US$50 billion.
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