Baron Global Financial Canada Ltd. Early Warning Report

Rhea-AI Summary

Baron Global Financial Canada Ltd. has acquired 5,714,285 subordinated voting shares of Planet Based Foods Global Inc. (PBFFF) in settlement of a CAD $300,000 debt. The acquisition represents approximately 16.14% of the issuer's outstanding subordinate voting shares, or 16.66% including personal holdings of director David Eaton.

Prior to this transaction, Baron Global Financial held no shares in Planet Based Foods, while David Eaton personally owned 214,200 subordinated voting shares. The acquiror may consider future transactions involving the issuer's securities, subject to market conditions and compliance with securities laws.

Positive

• Debt settlement through share issuance improves company's cash position
• Strategic investment increases insider ownership

Negative

• Significant share dilution of 16.14% for existing shareholders
• Increased concentration of ownership control

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2025) - Baron Global Financial Canada Ltd. (the "Acquiror"), a company of which David Eaton is a director, announces the filing of an early warning report in connection with the acquisition of 5,714,285 subordinated voting shares (the "Shares") in the capital of Planet Based Foods Global Inc. (the "Issuer") on August 28, 2025 (the "Acquisition") in settlement of outstanding indebtedness.

Prior to the Acquisition, the Acquiror did not hold any securities of the Issue, but its director, David Eaton, owned 214,200 subordinated voting shares in the Issuer, representing a negligible voting interest in the issuer. Upon completion of the Acquisition, the Acquiror beneficially held and/or had control over an aggregate of 5,714,285, representing approximately 16.14% (or 16.66% including David Eaton's personal holdings) of the issued and outstanding subordinate voting shares of the Issuer.

The Shares were acquired for the purpose of settling a bona fide debt in the aggregate amount of CAD $300,000 owing by the Issuer to the Acquiror. The director of the Acquiror, David Eaton, is an insider of the Issuer by virtue of his appointment as a director of the Issuer. Subject to compliance with applicable securities laws, the Acquiror may, from time to time and depending on market and other conditions, acquire additional shares and/or other equity, debt or other securities or instruments of the Issuer in the open market or otherwise, and reserves the right to dispose of any or all of the securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities.

This press release is issued pursuant to the early warning requirements of National Instrument 62-104 and National Instrument 62-103, which also require a report (the "Early Warning Report") to be filed with securities regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters. A copy of the Early Warning Report has been filed and is available under the Issuer's SEDAR+ profile at www.sedarplus.ca.

For information please contact:
David Eaton
Tel.: 778-331-2080

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264421

FAQ

What percentage of Planet Based Foods (PBFFF) shares did Baron Global Financial acquire?

Baron Global Financial acquired 5,714,285 shares, representing 16.14% of Planet Based Foods' outstanding subordinate voting shares.

How much debt was settled through the Planet Based Foods (PBFFF) share issuance?

The share issuance settled a CAD $300,000 debt owed by Planet Based Foods to Baron Global Financial.

Who is David Eaton in relation to Planet Based Foods (PBFFF)?

David Eaton is a director of both Baron Global Financial and Planet Based Foods, owning 214,200 subordinated voting shares personally.

What is the total ownership percentage of Planet Based Foods (PBFFF) including David Eaton's holdings?

The total ownership percentage is 16.66%, combining Baron Global Financial's 16.14% with David Eaton's personal holdings.

What are Baron Global Financial's future plans for their Planet Based Foods (PBFFF) shares?

Baron Global Financial may acquire additional shares or dispose of their holdings depending on market conditions and compliance with securities laws.