5 2024 Prnewswire

The Schall Law Firm Investigating Planet Labs PBC

5 2024 PRNewswire --

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Labs PBC ("Planet Labs" or "the Company") (NYSE: PL) for violations of the securities laws.

WEB Los Angeles August 4 2024

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Planet Labs is the leading provider of daily data and insights about Earth from space.

WEB LOS ANGELES CA ACCESSWIRE August 15 2024

On August 12, 2024, Spruce Point Capital Management published a report alleging Planet Labs has not met key financial and operational milestones, that Planet Labs mislead investors in a February 8, 2023 investor presentation, that Planet Labs has misled investors in a May 11, 2023 investor presentation about key financial metrics, and that the value of warrants issued to Planet Lab’s founder Will Marshall, if exercised, would make him the controlling shareholder of Planet Labs.

WEB LOS ANGELES CA ACCESSWIRE August 15 2024

Based on this news, Planet Labs stock has fallen by more than 20% in intraday trading on August 15, 2024.

WEB LOS ANGELES CA ACCESSWIRE August 7 2024

If you are a shareholder who suffered a loss, click here to participate.

WEB

The Schall Law Firm, with offices in California, New York, and London, represents investors around the world and specializes in shareholder class action lawsuits.