Planet Labs PBC (NYSE:PL) entered into an agreement to acquire Salo Sciences, Inc. on December 14, 2022. The transaction is expected to close early next year and is subject to customary closing conditions.

Planet Labs PBC (NYSE:PL) completed the acquisition of Salo Sciences, Inc. for $11.8 million on January 3, 2023. The fair value of the consideration transferred on the acquisition date was $11.8 million, consisting of $3.8 million in cash, net of cash acquired and $8 million of liabilities recognized for contingent consideration arrangements.