10:05 AM EDT, 03/27/2026 (MT Newswires) -- Planet Labs (PL) said Friday it will redeem all outstanding public warrants issued during its initial public offering for $0.01 per warrant on April 27.

This comes after the company's stock closed at or above $18 per share for 20 trading days within a 30-day window, the company said.

Investors can exercise their securities to purchase class A common shares at $11.50 each before the redemption deadline, and any warrants remaining unexercised after the cutoff date will be delisted, Planet Labs said.

Shares of the company were up 2.9% in Friday premarket activity.

Price: 31.46, Change: -0.94, Percent Change: -2.90