Ashley Johnson, chief financial officer for Planet Labs PBC, said the satellite-imaging company made the right call to go public by combining with a special-purpose acquisition company—better known as a SPAC.
Ashley Johnson, chief financial and operating officer at Planet Labs PBC.
Shares of Planet Labs closed at $11.35 on Dec. 8, 2021, the day after the company said it completed its SPAC merger, according to FactSet.
WSJ’s CFO Journal talked to Ms. Johnson about Planet Labs’ past year as a public company, investing and finding efficiencies as the economy slows.
It’s unfortunate that a lot of companies that shouldn’t have gone public did go public using that vehicle.