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: September 16, 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.
Planet released its second
quarter financial results on September 16, 2021.
Planet Reports Second Quarter Financial Results
and Reaffirms Full Year Outlook
Delivers Record Second Quarter Revenue of $30.4 Million, Up 19% YoY
Reiterates $130 million Revenue Outlook for Fiscal Year 2022
San Francisco, CA September 16, 2021 Planet Labs Inc. (Planet or the Company), a
leading provider of daily data and insights about Earth, today announced financial results for its second fiscal quarter ended July 31, 2021, highlighting the continued momentum of its unique data subscription business. Earlier this year,
Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE: DMYQ) (dMY IV), a special purpose acquisition company, to become a publicly traded company later this year (the Business
Combination).
Second Quarter FY2022 Highlights
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Q2 Revenue increased 19% year-over-year to $30.4 million.
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Percent of Recurring ACV was 93%, as compared to 92% in the year ago comparable quarter
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End of Period (EoP) Customer Count increased 36% year-over-year to 732 customers
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We had a stellar Q2, delivering record second quarter revenue and surpassing 700 customers by the end of the period, said Will Marshall, Co-Founder and Chief Executive Officer of Planet. Our growth reflects the significant demand that were seeing across vertical markets. As companies and governments embrace digitization and set ESG
targets, they are incorporating new data solutions into their operations, and our daily, global data and analytical products are becoming only more valuable to a greater number of customers, partners and developers.