PL Planet Labs PBC
Price Chart
Executive Summary
The New York Stock Exchange has notified the SEC of its intention to delist Planet Labs PBC's redeemable warrants (PL-WT) effective May 8, 2026, following their redemption on April 27, 2026. The warrants were fully redeemed, with funds made available to holders, triggering mandatory delisting under NYSE Rule 12d2-2(a)(1).
Actionable Insight
Traders should close or exercise any remaining PL-WT positions before delisting on May 8, 2026, as the securities will no longer trade. The redemption eliminates future dilution risk from these warrants, which may positively affect the equity structure of the common stock.
Key Facts
- Planet Labs PBC's redeemable warrants (PL-WT) are being delisted from NYSE effective May 8, 2026
- The warrants were called for redemption on April 27, 2026, with funds deposited and made available to holders
- Delisting is pursuant to NYSE Rule 12d2-2(a)(1) due to full redemption of the security class
- Trading in the warrants was suspended on April 27, 2026, the same day as redemption
Financial Impact
The entire class of warrants was redeemed, eliminating the outstanding warrant liability. No ongoing dilution impact remains.
Risk Factors
- Investors holding PL-WT after May 8, 2026, may face liquidity issues as the security will no longer be exchange-traded
- Potential confusion between the now-defunct warrants and Planet Labs' common stock (ticker: PL) could lead to misdirected trades
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000359 |
| Document: 0000876661-26-000359-index.html | 0000876661-26-000359 |
| Document: 0000876661-26-000359.txt | 0000876661-26-000359 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
3d ago
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Institutional Cluster
| $31.77 awaiting T+1 | awaiting T+1 | — | $31.15 (−1.95%) |
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Jun 5, 2026
9d ago
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8-K
| $39.95 awaiting T+1 | awaiting T+1 | — | $31.15 (+22.03%) |
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Jun 5, 2026
9d ago
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424B5
| $41.56 awaiting T+1 | awaiting T+1 | — | $31.15 (+25.05%) |
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Jun 5, 2026
9d ago
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S-3ASR
| $42.50 awaiting T+1 | awaiting T+1 | — | $31.15 (−26.71%) |
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Jun 5, 2026
9d ago
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10-K/A
| $41.50 awaiting T+1 | awaiting T+1 | — | $31.15 (−24.94%) |
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Jun 4, 2026
10d ago
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8-K
| $44.97 awaiting T+1 | awaiting T+1 | — | $31.15 (−30.73%) |
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May 29, 2026
16d ago
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DEFA14A
| $51.14 $46.46 | ▼ −9.15% | ▼ −9.43% | $31.15 (−39.09%) |
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May 4, 2026
5w ago
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8-K
| $37.13 $39.69 | ▲ +6.89% | ▲ +5.51% | $31.15 (−16.11%) |
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Apr 27, 2026
6w ago
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25-NSE
| $23.71 $23.71 | · 0.00% | ▲ +0.49% | $31.15 (+31.38%) |
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Apr 15, 2026
8w ago
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144
| — | awaiting T+1 | — | — |
US Market Status
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