Coenda Investments Holding Corp. Shareholder Press Release Amended Early Warning Report

Rhea-AI Summary

Coenda Investments Holding Corp. has acquired 9,523,809 subordinated voting shares of Planet Based Foods Global Inc. (OTC:PBFFF) in a debt settlement transaction worth CAD $500,000. The acquisition, completed on August 28, 2025, increases Coenda's ownership from 49.15% to 54.86% of PBFFF's outstanding subordinated voting shares.

Kerem Akbas, who controls Coenda and serves as a director of Planet Based Foods, may be considered a joint actor in the transaction though he personally owns no shares. The acquiror indicates it may purchase additional securities or dispose of its holdings based on market conditions and compliance with securities laws.

Positive

• Debt settlement of CAD $500,000 improves Planet Based Foods' balance sheet
• Demonstrates major shareholder's confidence in the company through increased ownership

Negative

• Significant ownership concentration with one shareholder controlling over 54% of voting shares
• Potential for future share dilution if additional debt settlements occur

News Market Reaction

+69.09%

1 alert

+69.09% News Effect

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 28, 2025) - Coenda Investments Holding Corp. (the "Acquiror"), a company controlled by Kerem Akbas, announces the filing of an amended early warning report in connection with the acquisition of 9,523,809 subordinated voting shares (the "Shares") of Planet Based Foods Global Inc. (the "Issuer") on August 28, 2025 (the "Acquisition") in settlement of outstanding indebtedness.

Prior to the transaction, the Acquiror owned 10,000,000 subordinated voting shares of the Issuer, representing approximately 49.15% of the issued and outstanding subordinated voting shares of the Issuer. Following completion of the Acquisition, the Acquiror beneficially held and/or had control over an aggregate of 19,523,809 subordinated voting shares, representing approximately 54.86% of the issued and outstanding subordinated voting shares of the Issuer.

Kerem Akbas, the controlling shareholder of the Acquiror and a director of the Issuer, may be considered a joint actor with the Acquiror. Mr. Akbas does not personally own any shares of the Issuer.

The Shares were acquired in settlement of debt in the aggregate amount of CAD $500,000 owing by the Issuer to the Acquiror. 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:

Kerem Akbas
Tel.: +12366885787

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264418

FAQ

What percentage of Planet Based Foods (PBFFF) does Coenda Investments now own after the August 2025 transaction?

Following the acquisition, Coenda Investments now owns 54.86% of Planet Based Foods' outstanding subordinated voting shares, up from 49.15% previously.

How many shares did Coenda Investments acquire in the PBFFF debt settlement?

Coenda Investments acquired 9,523,809 subordinated voting shares of Planet Based Foods in settlement of CAD $500,000 of debt.

Who is Kerem Akbas in relation to Planet Based Foods (PBFFF)?

Kerem Akbas is the controlling shareholder of Coenda Investments and serves as a director of Planet Based Foods, though he personally owns no shares.

What was the purpose of Coenda's share acquisition in Planet Based Foods?

The shares were acquired to settle CAD $500,000 of debt owed by Planet Based Foods to Coenda Investments.

What are Coenda's future intentions regarding their PBFFF shareholding?

Coenda indicated it may acquire additional shares or dispose of its holdings based on market conditions and securities law compliance.