Coenda Investments Holding Corp. Early Warning Report
Rhea-AI Summary
Coenda Investments Holding Corp., controlled by Kerem Akbas, has acquired 10,000,000 subordinated voting shares of Planet Based Foods Global Inc. (PBFFF) on May 31, 2024. This acquisition represents approximately 49.15% of the issuer's outstanding subordinate voting shares.
The strategic investment aims to gain significant ownership and influence over Planet Based Foods Global's operations. Prior to this transaction, neither Coenda nor Kerem Akbas held any securities in PBFFF. The company has acknowledged a delay in disclosure timing and has implemented measures to ensure future compliance.
Positive
- Acquisition of significant 49.15% ownership stake provides strong influence over company operations
- Strategic position allows active participation in company's business decisions
- Potential for additional investment demonstrates confidence in the company
Negative
- Late disclosure of the acquisition indicates compliance issues
- High ownership concentration could affect stock liquidity
- Significant control by a single investor may limit minority shareholder influence
News Market Reaction
On the day this news was published, PBFFF gained 69.09%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - Coenda Investments Holding Corp. (the "Acquiror"), a company controlled by Kerem Akbas, announces the filing of an early warning report in connection with the acquisition of 10,000,000 subordinated voting shares (the "Shares") in the capital of Planet Based Foods Global Inc. (the "Issuer") on May 31, 2024 (the "Acquisition").
Prior to the Acquisition, neither the Acquiror nor Kerem Akbas held any securities of the Issuer. Upon completion of the Acquisition, the Acquiror beneficially held and/or had control over an aggregate of 10,000,000 Shares, representing approximately
The Shares were acquired for investment purposes and to obtain a significant ownership position in the Issuer, thereby allowing Coenda to exercise influence over the business, operations and affairs of the Issuer through its rights as a shareholder. Coenda reserves the right to directly or indirectly purchase additional securities of the Issuer or dispose of securities of the Issuer.
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.
This disclosure is being made later than the period prescribed under applicable securities laws. The Acquiror acknowledges this deficiency and has taken steps to ensure timely compliance with future disclosure obligations.
For information, please contact:
Kerem Akbas
Tel.: +12366885787
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264055
FAQ
What percentage of Planet Based Foods (PBFFF) did Coenda Investments acquire?
When did Coenda Investments acquire its stake in PBFFF?
Who controls Coenda Investments Holding Corp?
What was Coenda's ownership in PBFFF before the acquisition?
What are Coenda's future investment plans for PBFFF?
