Filed by dMY Technology Group, Inc. IV pursuant to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: dMY Technology Group, Inc. IV
Commission File No.: 333-258431
Date: November 10, 2021
This filing
relates to the proposed merger involving dMY Technology Group, Inc. IV (dMY IV) with Planet Labs Inc. (Planet), pursuant to the terms of that certain Merger Agreement, dated as of July 7, 2021.
On November 10, 2021, Planet issued the following press release, announcing that it has entered into an agreement to acquire VanderSat, a leading
provider of advanced earth data and analytics.
PRESS RELEASE
Planet to Acquire VanderSat to Deliver Advanced Agriculture Data Products to Customers
November 10, 2021 09:00 AM Eastern Standard Time
SAN
FRANCISCO & HAARLEM, NetherlandsPlanet, a leading provider of daily data and insights about Earth, today announced that it has entered into an agreement to acquire VanderSat, a leading provider of advanced earth data and analytics.
VanderSats innovative products help customers better measure and understand water management and crop health in major markets. Planet intends to leverage VanderSats technologies and products in further pursuit of bringing to market
next-generation solutions that leverage the best of commercial and public satellite data to provide clear and actionable information to help industries, non-profits, and governments around the world.
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 called Planet Labs PBC.
VanderSat has world-class expertise in providing insights to customers by drawing from NASA, ESA
and JAXA satellite data, and has built a suite of novel products that report on key conditions on the Earths surface, like soil moisture, land surface temperature, vegetation optical depth, and biomass. VanderSats unique algorithms
deliver daily, global data products with great accuracy, unhindered by changing cloud-cover and atmospheric conditions.
VanderSat is a
mission-driven company with the goal to serve one billion hectares of land in 2024. By joining Planet, our mission and impact will be dramatically accelerated and together, we aim to reach that goal in 2022, said Dr. Thijs van Leeuwen,
CEO of VanderSat.
Were thrilled to welcome the VanderSat team to Planet. We expect VanderSats analytics and industry expertise will
help Planet provide solutions up the stack to bridge the gap from complex remote-sensing science to products that offer improved data to the ecosystem and our customers. And when one combines their new data with Planets, the value
is far greater than the sum of its parts, said Will Marshall, CEO and Co-Founder of Planet.
One of
Planets goals is to bridge the gap between real-world problems and the complexity of remote-sensing science. VanderSat is another step towards that goal with their advanced analytics. Planet believes its products will help to accelerate and
expand its position in one of its most important verticals - agriculture - and help mature Planets offerings for others such as insurance, civil government, and finance. For example, easier-to-consume data can enable modeling to help financial institutions and insurers quantify climate impacts on water availability and crop production.