IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the CEOs of dMY Technology Group, Inc. IV (NYSE: DMYQ) and Planet Labs, Inc. to discuss their pending business combination, Planet’s unique earth scanning satellite constellation, data subscription business model, and massive TAM opportunity. The event featured dMY IV CEO Niccolo de Masi and Planet Co-Founder & CEO Will Marshall joined by IPO Edge Editor-in-Chief John Jannarone and Editor-at-Large Jarrett Banks in a moderated video session lasting approximately 60 minutes and including a Q&A with the audience.
Planet is the leading provider of global daily Earth data serving businesses, governments, researchers, and journalists around the world. The company’s fleet of nearly 200 Earth imaging satellites, the largest in history, images the entirety of the planet on a daily basis and provides the highest frequency satellite data commercially available to power decision-making across industries like agriculture, forestry, cartography, energy, and even local government.
dMY Technology Group, Inc. IV is a $345 million special purpose acquisition company founded by Niccolo de Masi and Harry You for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Its Class A common stock, units and warrants trade on the NYSE under the ticker symbols DMYQ, DMYQ.U and DMYQ WS, respectively. More information can be found at www.dmytechnology.com.
dMY IV will hold a special meeting of its stockholders via a live webcast at https://www.cstproxy.com/dmytechnologyiv/2021 on Dec. 3, 2021 at 12:00 p.m. Eastern Standard Time (“Special Meeting”) for its stockholders of record at the close of business on October 19, 2021 to vote on, among other things, the Business Combination.
dMY IV’s stockholders and other interested parties are urged to read, the Registration Statement, which includes the preliminary proxy statement/prospectus, the amendments thereto, the definitive proxy statement and any other relevant documents that are filed or furnished or will be filed or will be furnished with the SEC carefully and in their entirety in connection with dMY IV’s solicitation of proxies for the special meeting, as these materials will contain important information about Planet and dMY IV and the proposed Business Combination and other related matters. dMY IV has commenced mailing the definitive proxy statement/prospectus and a proxy card to each stockholder of record as of Oct. 19, 2021 entitled to vote at the special meeting relating to the transaction. Such stockholders will also be able to obtain copies of these materials, without charge, once available, at the SEC’s website at http://www.sec.gov, at the Company’s website at https://www.dmytechnology.com or by written request to dMY Technology Group, Inc. IV at 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144
Messrs. de Masi and Marshall discussed:
- Upcoming Vote on Business Combination
- Joining the board of Planet Labs
- Planet’s Unique Daily Earth Scanning Satellite Constellation
- Planet’s One-to-Many Data Subscription Business Model
- Use Cases for Planet Data Across Vertical Markets (from commercial to government)
- Planet’s Massive TAM Opportunity
- Planet’s Financial Model
About the Speaker:
Niccolo de Masi is an experienced public company chief executive officer and board member with expertise in deep tech, mobile and creating software-hardware ecosystems. He has served on the Board of nine public companies including the first three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.
Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3.5 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.
Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.
From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences.
de Masi is Chairman of Carlyle-backed and UK-based MMO company Jagex and also serves on the Leadership Council of the UCLA Grand Challenges. Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.
John Jannarone, Editor-in-Chief