Making its debut on the public markets in December of 2021, Planet Labs (NYSE: PL) became yet another on a long list of special-purpose acquisition corporations (SPAC) to go public over the last couple of years. Through its combination with dMY Technology Group IV , Planet Labs received an infusion of nearly $600 million cash and immediately popped up on my radar thanks to its one-of-a-kind operations.
Planet Labs joins the ranks of a select few stocks that operate as public benefit corporations (PBCs) -- joining the likes of Veeva Systems , Lemonade , and AppHarvest . By becoming PBCs, these companies must act as upstanding, socially conscious capitalists , focusing on the best wishes of all stakeholders first, with resulting profitability being a byproduct.
With its focus on conscious capitalism and a bit of sales growth, it could quickly become a breakout stock in 2022.
For further details see:
This Recent SPAC Is My Favorite Breakout Stock for 2022