Market Newsdesk

Virgin Orbit’s Latest Mission Successfully Soars ‘Above the Clouds’ Again

This mission continues the team’s successful track record of delivering satellites for government and commercial customers

MOJAVE, Calif.–(BUSINESS WIRE)–
Virgin Orbit (Nasdaq: VORB), the responsive launch and space solutions company, confirmed it successfully deployed into orbit all 7 customer satellites onboard its LauncherOne rocket during today’s Above the Clouds mission.

Virgin Orbit’s 747 carrier aircraft Cosmic Girl took off from Mojave Air and Space Port this afternoon at approximately 1:39 PM PST/09:39 PM UTC and flew to a launch site over the Pacific Ocean, about 50 miles south of the Channel Islands. After a smooth release from the aircraft, the LauncherOne rocket ignited and propelled itself towards space, ultimately deploying its payload into a precise target orbit approximately 500km above the Earth’s surface at 45 degrees inclination. This is the first time that anyone has reached this orbit from the West Coast.

The launch was the company’s third successful flight, occurring less than one year from its first mission. Virgin Orbit has now successfully delivered commercial, government, international, and national security satellites to space, including new Above the Clouds customer Spire Global, Inc. (NYSE: SPIR), and first ever repeat customers: the U.S. Department of Defense Space Test Program and Polish company SatRevolution. This launch was awarded to Virgin Orbit through its subsidiary VOX Space by the DoD’s Defense Innovation Unit (DIU) as part of the DoD Space Test Program’s (STP) Rapid Agile Launch (RALI) Initiative.

The satellites launched on the company’s latest mission include experiments in space-based communications, space debris detection, and in-space navigation and propulsion, as well as satellites that will serve the global agricultural sector. The launch brings the total number of satellites launched by Virgin Orbit to 26.

Because of the unique air-launch system Virgin Orbit has developed, the Above the Clouds mission was launched in an orbit never before directly accessible from the West Coast of the Americas. Rather than launching from a fixed pad on the ground, Virgin Orbit conducts its launches from under the wing of a modified 747 aircraft, and by flying the aircraft further out over the ocean, the company was able to launch on a trajectory no ground-launch rocket could have achieved. That direct injection into the target orbit saved the satellites onboard this mission months of time and kilograms of fuel they might have otherwise spent correcting their orbit from what a landlocked launch site could provide them.

“Our customers are starting to hear back from their satellites that are checking in from orbit — and for us, that’s what success looks like. It’s a thrill for our team that this mission included our first repeat customers as well as our first ‘last minute ticket’ customers and reached an orbit that no one had ever reached from the West Coast before, all of which confirms the team’s ability to provide top tier launch service anywhere, anytime,” said Virgin Orbit CEO Dan Hart. “On top of that, we flew through weather and a cloud layer that would have grounded any other launch I’ve worked on in my career, something only made possible by air-launch and our incredible team. We can say with confidence that in this new era of regular, frequent, successful missions, we can help our customers and partners use space technology to advance human knowledge and open space for good.”

“This accomplishment today really shows the future of space launch capabilities, something that is of paramount importance to national security,” said VOX Space President Mark Baird, a retired U.S. Air Force Brigadier General. “We have the ability to launch anywhere, anytime and unwarned, which allows us to customize the launches to serve a government’s mission and goals, allowing us to be better mission partners in their space operations.”

“What an unforgettable experience to watch the Virgin Orbit team complete another perfect mission to space. I could not be prouder of the work they are doing. I am beaming alongside them,” said Virgin Orbit founder Richard Branson. “We supported experimental, important work for our three happy customers today. I congratulate them and our wonderful team.”

Above the Clouds is named after the fifth track on Gang Starr’s 1998 album Moment of Truth, featuring Inspectah Deck of Wu-Tang Clan. The record was released by Virgin Records in collaboration with Noo Trybe Records and is widely regarded as one of the greatest hip hop albums of all time.

ABOUT VIRGIN ORBIT

Virgin Orbit (Nasdaq: VORB) operates one of the most flexible and responsive space launch systems ever built. Founded by Sir Richard Branson in 2017, the company began commercial service in 2021, and has already delivered commercial, civil, national security, and international satellites into orbit. Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California, and are air-launched from a modified 747- 400 carrier aircraft that allows Virgin Orbit to operate from locations all over the world in order to best serve each customer’s needs. Learn more at www.virginorbit.com and visit us on LinkedIn, on Twitter @virginorbit, and on Instagram @virgin.orbit.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Virgin Orbit assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Virgin Orbit gives no assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005971/en/

MEDIA INQUIRIES

For general Virgin Orbit media questions:

Alison Patch

+1 (949) 616-2504

[email protected]

[email protected]

Additional Virgin Orbit media contact/support:

Amanda Horn

+1 (775) 636-2567

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Satellite Aerospace Other Technology Manufacturing Other Manufacturing

MEDIA:

Posted on January 13, 2022 8:23 pm

Charter Prices $1.2 Billion Senior Unsecured Notes

PR Newswire

STAMFORD, Conn., Jan. 13, 2022 /PRNewswire/ — Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, “Charter”) today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the “Issuers”), have priced $1.2 billion in aggregate principal amount of senior unsecured notes due 2032 (the “Notes”). The Notes will bear interest at a rate of 4.750% per annum and will be issued at a price of 100.000% of the aggregate principal amount.

The Issuers intend to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter and common units of Charter Communications Holdings, LLC, to repay certain indebtedness and to pay related fees and expenses. Charter expects to close the offering of the Notes on January 19, 2022, subject to customary closing conditions.

The Notes were sold to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S. The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The offering is subject to, among other things, market conditions.

This news release is neither an offer to sell nor a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

About Charter
  
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet^®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business^® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach^® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the potential offering.  Although we believe that our plans, intentions and expectations as reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations.  Forward-looking statements are inherently subject to risks, uncertainties and assumptions including, without limitation, the factors described under “Risk Factors” from time to time in our filings with the SEC.  Many of the forward-looking statements contained in this communication may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” and “potential,” among others.

All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement.  We are under no duty or obligation to update any of the forward-looking statements after the date of this communication.

View original content to download multimedia:https://www.prnewswire.com/news-releases/charter-prices-1-2-billion-senior-unsecured-notes-301460983.html

SOURCE Charter Communications, Inc.

Posted on January 13, 2022 8:14 pm

Moore Kuehn, PLLC Encourages Investors of Momentus, Inc. or Stable Road Acquisition Corp to Contact Law Firm if Purchased Before July 7, 2021

PR Newswire

NEW YORK, Jan. 13, 2022 /PRNewswire/ — Moore Kuehn, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:

• 
  Momentus, Inc. (NASDAQ: MNTS) or
  
  
  Stable Road Acquisition Corp (
  
  
  NASDAQ:
  
  
  SRACU)
  

Please contact only if you acquired shares before July 7, 2021.

The Stable Road / Momentus investigation is based on allegations that the company or its officers and directors misrepresented and failed to disclose adverse facts about momentus’s business, operations, and prospects and Stable Road’s due diligence activities in connection with the merger, which were known to defendants or recklessly disregarded by them, as follows: (i) Momentus’s 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus’s own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (ii) the U.S. government had conveyed that it considered Momentus’s CEO, defendant Mikhail Kokorich, a national security threat, which jeopardized Kokorich’s continued leadership of Momentus and Momentus’s launch schedule and business prospects; (iii) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (iv) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.

If you still own Momentus, Inc. (MNTS) or Stable Road Acquisition Corp (SRACU) stock since July 7, 2021, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Fletcher Moore, Esq. by email at [email protected] or telephone at (212) 709-8245.

There is no cost to you.  Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers.

Please visit http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/

Attorney advertising. Prior results do not guarantee similar outcomes.

Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8^th Floor
New York, New York 10005
[email protected] 
(212) 709-8245

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SOURCE Moore Kuehn, PLLC

Posted on January 13, 2022 8:03 pm

Old Dominion Freight Line, Inc. to Join the NASDAQ-100 Index Beginning January 24, 2022

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced that Old Dominion Freight Line, Inc. (Nasdaq: ODFL), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) prior to market open on Monday, January 24, 2022. Old Dominion Freight Line, Inc. will replace Peloton Interactive, Inc. (Nasdaq: PTON) in the NASDAQ-100 Index®, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index.

For more information about the company, go to http://www.odfl.com.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.Nasdaq.com.

Media Contact

Emily Pan
[email protected]
+1 (646) 637-3964

Issuer & Investor Contact  
Index Client Services
[email protected]

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular financial product or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Statements regarding Nasdaq’s proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. 

NDAQO

 

Posted on January 13, 2022 7:49 pm

Cable One to Host Investor Day on March 3, 2022

Cable One to Host Investor Day on March 3, 2022

PHOENIX–(BUSINESS WIRE)–
Cable One, Inc. (NYSE: CABO) today announced that it will host an Investor Day on Thursday, March 3, 2022 at 10:30 a.m. ET. The event will take place in Phoenix and a live webcast will be available to the public.

Cable One President and CEO Julie Laulis, together with Chief Financial Officer Steven Cochran, will host the event and provide an update on the company’s strategic initiatives and outlook. Program highlights include sessions led by the following key executives:

• Mike Bowker – Chief Operating Officer
• Chris Boone – Senior Vice President, Business Services & Emerging Markets
• Ken Johnson – Senior Vice President, Technology Services
• Megan Detz – Senior Vice President, Human Resources

Event Webcast Details:

Registration details will be made available on Cable One’s Investor Relations website at ir.cableone.net in advance of the event. Participants are encouraged to pre-register for this event. The live webcast and presentation materials will be available on the day of the event at ir.cableone.net. A replay of the event will be available shortly following the conclusion of the webcast for a limited time on Cable One’s Investor Relations website.

About Cable One

Cable One, Inc. (NYSE:CABO) is a leading broadband communications provider committed to connecting customers and communities to what matters most. Through Sparklight® and the associated Cable One family of brands, the Company serves more than 1.1 million residential and business customers in 24 states. Over its fiber-optic infrastructure, the Cable One family of brands provide residential customers with a wide array of connectivity and entertainment services, including Gigabit speeds, advanced WiFi and video. For businesses ranging from small and mid-market up to enterprise, wholesale and carrier, the Company offers scalable, cost-effective solutions that enable businesses of all sizes to grow, compete and succeed.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005966/en/

Trish Niemann

Vice President, Communications Strategy

602.364.6372

[email protected]

Steven Cochran

CFO

[email protected]

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Mobile/Wireless Technology Security Telecommunications Software Audio/Video Networks Internet Data Management Consumer Electronics

MEDIA:

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Citi Announces Agreement to Sell Consumer Bank in Indonesia, Malaysia, Thailand and Vietnam to UOB Group

Citi Continues to Execute on Global Consumer Bank Strategic Actions

SINGAPORE–(BUSINESS WIRE)–
Citi today announced it has reached agreement with UOB Group (UOB) on the acquisition of Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction includes retail banking and credit card businesses but excludes the bank’s institutional businesses in all four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally and globally.

The agreement covers all related Citi staff, with approximately 5,000 consumer bank and supporting employees expected to transfer to UOB upon close of the proposed transaction. UOB will pay Citi cash consideration for the net assets of the acquired businesses, subject to customary closing adjustments, plus a premium of S$915 million [US$690 million].

Upon closing, Citi expects the transaction to result in the release of approximately US$1.2 billion of allocated tangible common equity, as well as an increase to tangible common equity of over US$200 million. As previously announced, Citi’s exit from its consumer franchises in 13 markets across Asia Pacific and EMEA is expected to release approximately US$7 billion of allocated tangible common equity over time.

Peter Babej, Citi Asia Pacific CEO, said, “We are excited to announce this transaction with UOB, a leading pan-Asian institution. We are confident that UOB, with its strong culture and broad regional ambitions, will provide excellent opportunities and a long-term home for our consumer banking colleagues in Indonesia, Malaysia, Thailand and Vietnam. Focusing our business through these actions will facilitate additional investment in our strategic focus areas, including our institutional network across Asia Pacific, driving optimal returns for Citi.”

Mark Mason, Citi CFO said, “The sale of these four consumer markets, along with our previously announced transactions, demonstrate our sense of urgency to execute our strategic refresh. We are committed to working in the best interests of our shareholders by focusing our resources on businesses that can deliver growth, as well as increasing the capital we return to shareholders over time.”

UOB was selected by Citi following an extensive and competitive auction process. Citi is committed to a seamless transaction, and during the transition to closing, there will be no change in service provided to our consumer banking and wealth customers. Completion of the divestitures in each country will not be conditional on the completion of the divestitures in the other countries but will be conditional on obtaining regulatory approvals relevant to each country. It is estimated that completion will take place between mid-2022 and early 2024, depending on the progress and outcome of the regulatory approval process.

Citi’s Banking, Capital Markets and Advisory Group is acting as exclusive financial advisor to Citi in respect of the transaction.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Certain statements in this release are “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors.

These factors include, among others, the successful wind down and closure of these consumer banking businesses, including within the expected timeframe, macroeconomic and local market conditions, consumer preferences, and the precautionary statements included in this release. These factors also consist of those contained in Citi’s filings with the SEC, including without limitation the “Risk Factors” section of Citi’s 2020 Form 10-K. Any forward-looking statements made by or on behalf of Citi speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005931/en/

Media Enquiries:

James Griffiths

Citi Corporate Affairs, Asia Pacific

852-2868-7668

[email protected]

Investor Contact:

Jennifer Landis

212-793-2014

[email protected]

KEYWORDS: Indonesia United States Thailand North America Asia Pacific Viet Nam Malaysia New York

INDUSTRY KEYWORDS: Banking Professional Services

MEDIA:

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44 SuperDove Satellites Successfully Launch on SpaceX Falcon 9 Rocket

SAN FRANCISCO–(BUSINESS WIRE)–
Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the successful launch of its 4x Flock, consisting of 44 SuperDove satellites, into orbit on a SpaceX Falcon 9 rocket. The company has established contact with all of the SuperDove satellites, many within two minutes of the final deployment, upholding Planet’s record of successfully connecting with 100% of all Planet satellites launched.

These 44 satellites will join Planet’s existing fleet of roughly 200 satellites in orbit. Planet has now launched 127 satellites across eight launches with SpaceX, and over 500 satellites total since the company’s founding 10 years ago. This marks Planet’s first launch with SpaceX under their new multi-year, multi-launch rideshare agreement signed in 2021.

Planet’s constellations provide daily insights about the Earth’s resources and global events. With the latest addition of 44 SuperDove satellites, the company’s PlanetScope product will continue to offer customers satellite data captured from the latest and strongest technology. Planet uses just-in-time manufacturing to ensure it can continually innovate the technology onboard their spacecraft before shipment to the launch site.

Planet has built and launched the largest fleet of Earth observation satellites in history. Its fleet of both medium- and high-resolution satellites has collected an unprecedented amount of earth observation data over the last 10 years, creating a deep stack of 1,700 images on average for every spot on the Earth’s landmass. This allows Planet’s customers to not only get the most up-to-date image of their preferred area of interest, but also gives them an extensive set of training data to build artificial intelligence models on.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.

Forward-looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether Flock 4x will successfully replenish Planet’s existing SuperDove fleet; and the capabilities of Flock 4x. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s limited operating history making it difficult to predict its future operating results; Planet’s expectations that its operating expenses will increase substantially for the foreseeable future; whether the market for Planet’s products and services that is built upon our data set, which has not existing before, will grow as expected; whether current customers or prospective customers adopt Planet’s platform; whether Planet will be able to compete effectively with the increasing competition in its market from commercial entities and governments; Planet’s international operations creating business and economic risks that could impact its operations and financial results; the interruption or failure of Planet’s satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit its ability to perform our daily operations effectively and provide its products and services; whether Planet experiences any adverse events, such as delayed launches, launch failures, its satellites failing to reach their planned orbital locations, its satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; Planet’s satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of its constellation of satellites having restrained capacity; if Planet is unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of Planet’s key personnel, or its failure to attract, hire, retain and train other highly qualified personnel in the future; Planet’s ability to raise adequate capital, including on acceptable terms, to finance its business strategies; the impact Planet’s indebtedness has on its ability to raise additional capital to fund operations, operate its business and react to changes in the economy or its industry; how rules and regulations in Planet’s highly regulated industry may impact its business; if Planet fails to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-1 filed by Planet with the Securities and Exchange Commission (SEC) and any subsequent filings with the SEC Planet may make. Copies of each filing may be obtained from Planet or the SEC. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the New York Stock Exchange as PL. To learn more visit www.planet.com and follow us on Twitter.

Forward-looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether Flock 4x will successfully replenish Planet’s existing SuperDove fleet; and the capabilities of Flock 4x. Forward-looking statements are based on Planet’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: Planet’s limited operating history making it difficult to predict its future operating results; Planet’s expectations that its operating expenses will increase substantially for the foreseeable future; whether the market for Planet’s products and services that is built upon our data set, which has not existing before, will grow as expected; whether current customers or prospective customers adopt Planet’s platform; whether Planet will be able to compete effectively with the increasing competition in its market from commercial entities and governments; Planet’s international operations creating business and economic risks that could impact its operations and financial results; the interruption or failure of Planet’s satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit its ability to perform our daily operations effectively and provide its products and services; whether Planet experiences any adverse events, such as delayed launches, launch failures, its satellites failing to reach their planned orbital locations, its satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; Planet’s satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of its constellation of satellites having restrained capacity; if Planet is unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of Planet’s key personnel, or its failure to attract, hire, retain and train other highly qualified personnel in the future; Planet’s ability to raise adequate capital, including on acceptable terms, to finance its business strategies; the impact Planet’s indebtedness has on its ability to raise additional capital to fund operations, operate its business and react to changes in the economy or its industry; how rules and regulations in Planet’s highly regulated industry may impact its business; if Planet fails to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-1 filed by Planet with the Securities and Exchange Commission (SEC) and any subsequent filings with the SEC Planet may make. Copies of each filing may be obtained from Planet or the SEC. All forward-looking statements reflect Planet’s beliefs and assumptions only as of the date of this press release. Planet undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005953/en/

Investor

Cleo Palmer-Poroner

Planet Labs PBC

[email protected]

Press

Claire Bentley

Planet Labs PBC

[email protected]

John Christiansen / Cassandra Bujarski

Sard Verbinnen & Co

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Environment Satellite Aerospace Manufacturing Software

MEDIA:

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Gelesis®, the Maker of Plenity® for Weight Management, Will Debut as a Publicly Traded Company Following the Closing of Its Business Combination with Capstar

Proceeds from this transaction will be used to further support the national launch of Plenity

Gelesis will begin trading on the New York Stock Exchange as “GLS” on Friday, January 14, 2022 and will ring the opening bell on Tuesday, January 18

BOSTON & AUSTIN, Texas–(BUSINESS WIRE)–
Gelesis, the maker of Plenity®, an FDA-cleared weight management approach, announced today the completion of its business combination with Capstar Special Purpose Acquisition Corp. (NYSE: CPSR) (“Capstar”). The publicly traded company will be known as Gelesis Holdings, Inc. (“Gelesis” or “the Company”) and will commence trading on the New York Stock Exchange under the ticker symbol “GLS” on January 14, 2022.

Both Gelesis Inc. and Capstar shareholders voted to approve the business combination. The transaction generated approximately $105 million in gross proceeds, which will be mainly used to support the broad launch of Plenity.

“We have developed the science and support to help make a difference in the lives of millions of Americans who struggle with their weight, many of whom have never had a prescription option before,” said Yishai Zohar, founder and CEO of Gelesis. “The closing of this transaction allows us to accelerate our efforts to bring forward this innovative and FDA cleared solution to help people achieve their weight goals. Approximately 71 million Americans gained weight during the pandemic and 51% of all Americans wanted to lose weight this past year¹. We are proud to have taken Plenity from inception and to now be in the position to make it more broadly available for them. We look forward to executing on our plans and delivering value for our shareholders.”

Plenity is transforming weight management with a clinically proven approach inspired by raw vegetables. Plenity is designed to help people feel satisfied with smaller portions so they can eat less and lose weight, while enjoying foods they love as part of a reduced calorie diet. It is FDA-cleared to aid in weight management in adults with excess weight or obesity, as defined by a Body Mass Index (BMI) of 25 to 40 kg/m², when used in conjunction with diet and exercise. It is taken orally as three capsules with 16 ounces of water twice a day, 20 minutes before lunch and dinner. If a dose is missed, it can be taken with the meal or immediately after. Plenity is not a drug; it is non-systemic and not habit forming. Plenity instead uses a novel biomimetic approach inspired by the composition and mechanical properties of vegetables that makes adults feel fuller faster and longer with smaller portions. In clinical trials, 6 out of 10 adults had clinically meaningful weight loss (on average they lost 22 pounds) and the safety profile was similar to placebo.

Plenity is available by prescription via a free telehealth consultation, with unlimited follow-up visits as needed, or through a traditional healthcare provider experience. The pandemic continues to prove out the importance of convenient access to healthcare, and the Plenity experience—including both the digital model and the strong efficacy to safety profile—is built to address that. Visit MyPlenity.com to start an online consultation or talk to one’s own doctor about whether Plenity is right for you. A Plenity subscription costs $98 for a four-week supply ($1.75 per meal) and, if prescribed, the product arrives in two business days.

Important Safety Information about Plenity

• Patients who are pregnant or are allergic to cellulose, citric acid, sodium stearyl fumarate, gelatin, or titanium dioxide should not take Plenity.
• To avoid impact on the absorption of medications:
  • For all medications that should be taken with food, take them after starting a meal.
  • For all medications that should be taken without food (on an empty stomach), continue taking on an empty stomach or as recommended by your physician.
• The overall incidence of side effects with Plenity was no different than placebo. The most common side effects were diarrhea, distended abdomen, infrequent bowel movements, and flatulence.
• Contact a doctor right away if problems occur. If you have a severe allergic reaction, severe stomach pain, or severe diarrhea, stop using Plenity until you can speak to your doctor.

Rx Only. For the safe and proper use of Plenity or more information, talk to a healthcare professional, read the Patient Instructions for Use, or call 1-844-PLENITY.

Advisors

Citi served as exclusive financial advisor to Gelesis and Goodwin Procter LLP served as legal counsel to Gelesis. UBS Investment Bank served as exclusive financial and lead capital markets advisor to Capstar and Kramer Levin Naftalis & Frankel LLP served as its legal counsel. UBS Investment Bank and Citi served as private placement agents to Capstar with respect to the PIPE financing. Winston & Strawn LLP served as counsel to the placement agents. BTIG, LLC also served as a capital markets advisor to Capstar.

About Gelesis

Gelesis is a consumer-centered biotherapeutics company advancing a novel category of treatments for weight management and gut related chronic diseases. Our non-systemic superabsorbent hydrogels are the first and only made entirely from naturally derived building blocks, and they are inspired by the composition (i.e., water & cellulose) and mechanical properties (e.g., elasticity or firmness) of raw vegetables. They are conveniently administered in capsules to create a much larger volume of small, non-aggregating hydrogel pieces that become an integrated part of the meals, and act locally in the digestive system. Our portfolio includes Plenity®, an FDA-cleared product to aid in weight management, as well as potential therapies in development for patients with Type 2 Diabetes, Non-alcoholic Fatty Liver Disease (NAFLD)/Non-alcoholic Steatohepatitis (NASH), and Functional Constipation. For more information, visit gelesis.com, or connect with us on Twitter @GelesisInc.

Forward-Looking Statements

Certain statements, estimates, targets and projections in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. The words “anticipate,” “believe,” continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking statements include, but are not limited to, the competitive environment in which Gelesis operates, the expected future operating and financial performance and market opportunities of Gelesis and statements regarding Gelesis’ expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Gelesis and Capstar assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Gelesis and Capstar give no assurance that any expectations set forth in this press release will be achieved. Various factors could cause actual future results, performance or events to differ materially from those described herein. Some of the factors that may impact future results and performance may include, without limitation: (i) the size, demand and growth potential of the markets for Plenity^®, Gelesis’ other product candidates and its ability to serve those markets; (ii) the degree of market acceptance and adoption of Gelesis’ products; (iii) Gelesis’ ability to develop innovative products and compete with other companies engaged in the weight loss industry; (iv) Gelesis’ ability to complete successfully the full commercial launch of Plenity^® and its growth plans, including new possible indications and the clinical data from ongoing and future studies about liver and other diseases; (v) failure to realize the anticipated benefits of the business combination, including as a result of a delay or difficulty in integrating the businesses of Capstar and Gelesis; (vi) the amount of redemption requests made by Capstar shareholders; (vii) the ability of Capstar or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the proposed business combination or in the future; (viii) the outcome of any legal proceedings that may be instituted against Capstar, Gelesis, the combined company or others following the announcement of the proposed business combination and any definitive agreements with respect thereto; (ix) the ability to meet stock exchange listing standards at or following the consummation of the proposed business combination; (x) the risk that the proposed business combination disrupts current plans and operations of Gelesis as a result of the announcement and consummation of the proposed business combination, and as a result of the post-transaction company being a publicly listed issuer; (xi) the regulatory pathway for Gelesis’ products and responses from regulators, including the FDA and similar regulators outside of the United States, (xii) the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain Gelesis’ management and key employees; (xiii) costs related to the proposed business combination, including costs associated with the post-transaction company being a publicly listed issuer; (xiv) changes in applicable laws or regulations; (xv) the possibility that Gelesis or the combined company may be adversely affected by other economic, business, regulatory and/or competitive factors; (xvi) Gelesis’ estimates of expenses and profitability; (xvii) ongoing regulatory requirements, (xviii) any competing products or technologies that may emerge, (xix) the volatility of the telehealth market in general, or insufficient patient demand; (xx) the ability of Gelesis to defend its intellectual property and satisfy regulatory requirements; (xxi) the impact of the COVID 19 pandemic on Gelesis’ business; (xxii) the limited operating history of Gelesis; and (xxiii) those factors discussed in Capstar’s final prospectus dated July 6, 2020, Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and the Registration Statement on Form S-4, in each case, under the heading “Risk Factors”, and other documents of Capstar filed, or to be filed, with the SEC, by Capstar. These filings address other important risks and uncertainties that could cause actual results and events to differ materially from those contained in the forward-looking statements.

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¹ Extrapolated from 246,324,983 Americans aged 18+ based on an online survey conducted Oct 26-Nov 3 by Kelton Global on behalf of Gelesis.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005936/en/

Media Relations

Katie Sullivan

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Investor Relations

Lynne Collier, ICR

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KEYWORDS: Texas Massachusetts United States North America

INDUSTRY KEYWORDS: Health Other Health Fitness & Nutrition General Health Pharmaceutical Biotechnology

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Illinois American Water to Install Ultraviolet Disinfection at Streator Water Treatment Plant; Investment of About $4 Million Supports Safe Drinking Water

STREATOR, Ill.–(BUSINESS WIRE)–
Illinois American Water is investing approximately $4 million to construct Ultraviolet (UV) disinfection at the Streator water treatment plant. The new treatment technology will support safe drinking water to residents and businesses. As part of the project, two new UV reactors will be installed and will be capable of treating up to 6 million gallons of water a day. The project is expected to be completed this summer.

According to Brent O’Neill, Director of Engineering for Illinois American Water, UV technology is effective in inhibiting infection-causing microorganisms and adds another layer of protection for customers. When used to treat drinking water, UV disinfection addresses chlorine-resistant pathogens and microorganisms that could be present in surface water sources. The Streator water treatment facility uses the Vermilion River as its water source.

O’Neill said, “There is nothing more important than the quality of the product we deliver to our customers’ taps. This is why we continuously work to upgrade technology and treatment processes to deliver safe drinking water. We are excited to incorporate UV disinfection to our treatment process for particular water sources.”

The project will also help meet more stringent water quality regulations associated with the Environmental Protection Agency’s (EPA) Long Term 2 Enhanced Surface Water Treatment Rule.

According to O’Neill, Illinois American Water not only meets EPA drinking water guidelines, but the company “provides water quality which is better than required.” He added, “Our customers trust us with a critical service. They serve our product to their family, their children. We take our responsibility seriously and are proud to deliver quality drinking water to Illinois homes and businesses.”

For more information about Illinois American Water please visit www.illinoisamwater.com.

About Illinois American Water – Illinois American Water, a subsidiary of American Water (NYSE: AWK), is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.3 million people. American Water also operates a customer service center in Alton and a quality control and research laboratory in Belleville. With a history dating back to 1886, American Water (NYSE:AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 25 states. American Water provides safe, clean, affordable and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.

ILLINOIS AMERICAN WATER RANKED HIGHEST IN CUSTOMER SATISFACTION

WITH LARGE WATER UTILITIES IN THE MIDWEST FOR TWO YEARS IN A ROW.

For J.D. Power 2021 award information, visit jdpower.com/awards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005937/en/

Media: Karen Cotton, Sr. Manager External Communications, [email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Natural Resources Energy Environment Other Natural Resources Utilities

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