Planet Lab Stock Drops After Hours: Here's Why

Planet Labs PBC PL shares dropped in Monday’s after-hours trading after the company announced a private offering of $300 million convertible senior notes due 2023. PL stock is challenging resistance. Check the fundamentals here.The Details:  Planet said it also expects to grant the initial purchasers of the notes an option to purchase up to an additional $45 million aggregate principal amount of the notes solely to cover over-allotments.Read Next: Opendoor’s Meme Stock Mania Gets Comedic TwistThe company pl ...