Planet Image has filed a shelf registration in the United States to raise up to $100 million (€91 million) through the sale of equity and debt securities.
The Cayman Islands-registered holding company, which operates production facilities in China operated by Aster, and maintains logistics and sales hubs in North America and Europe, also registered 6.3 million existing shares for resale by current shareholders. The shares are listed on Nasdaq under the ticker “YIBO”, having debuted in January 2024.
The move signals the company’s intent to tap international capital markets to fund expansion, product development, or potential acquisitions, as it seeks to grow its footprint in the competitive aftermarket imaging supplies sector.
Planet Image markets its toner cartridges under brands including TrueImage, CoolToner, Aztech and Toner Bank, supplying wholesalers and retailers in more than 50 countries. Its revenue in 2024 was $149.8 million (€136.3 million), down marginally from the prior year. Net profit slipped to $7.1 million (€6.46 million), citing cost pressures and market competition.
Founder Weidong Gu retains significant control through dual-class shares, holding over 92% of voting rights.
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