Planet Ventures Announces Effective Date of Share Consolidation
Planet Ventures (PNXPF) will implement a five-for-one share consolidation of its common shares effective September 18, 2026, subject to Canadian Securities Exchange acceptance and a confirming bulletin.
Rhea-AI Summary
Planet Ventures (PNXPF) will implement a five-for-one share consolidation of its common shares effective September 18, 2026, subject to Canadian Securities Exchange acceptance and a confirming bulletin.
The company’s name and trading symbols will remain unchanged. Post-consolidation, there will be approximately 61,718,883 issued and outstanding shares, and the new identifiers will be CUSIP 727053407 and ISIN CA7270534075. Fractional shares will not be issued; positions will be rounded up or down based on whether the fraction is at least one half of a share. Exercise and conversion terms of outstanding convertible securities will be proportionately adjusted. Registered and beneficial holders will have their positions exchanged or updated through Computershare, CDS or DTC as applicable.
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Vancouver, British Columbia--(Newsfile Corp. - September 15, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U) (the "Company" or "Planet Ventures") announces that, effective September 18, 2026, the Company will consolidate its common shares (the "Shares") on a five (5) for one (1) basis (the "Consolidation").
The Consolidation is subject to acceptance from the Canadian Securities Exchange, which will be evidenced by dissemination of a bulletin advising of the date of the Consolidation. The name of the Company and trading symbol will remain the same after the Consolidation. The new CUSIP number will be 727053407 and the new ISIN number will be CA7270534075 for the post-Consolidation Shares.
The total issued and outstanding number of Shares post-Consolidation will be approximately 61,718,883, subject to rounding for fractional Shares.
No fractional Shares will be issued upon the Consolidation. In the event a holder of Shares would otherwise be entitled to receive a fractional Share in connection with the Consolidation, the number of Shares to be received by such shareholder will be rounded down to the next whole number if that fractional Share is less than one half (1/2) of a Share, and will be rounded up to the next whole number of Shares if that fractional Share is equal to or greater than one half (1/2) of a Share.
The exercise or conversion price, and the number of Shares issuable under any of the Company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the Consolidation.
Registered shareholders whose holdings are represented by a physical share certificate will be sent a letter of transmittal from Computershare Investor Services Inc., transfer agent to the Company, with information related to the exchange of the physical certificate for a Direct Registry System ("DRS") statement or new physical share certificate representing the post-Consolidation holdings of the shareholder. Intermediaries, such as brokerage houses and financial institutions, who may hold physical certificates on behalf of a beneficial shareholder will facilitate the transmittal of the Shares in those instances, however beneficial positions held through CDS and DTC will be automatically exchanged on completion of the Consolidation. Registered shareholders whose holdings are represented by a DRS statement will receive a new, post-Consolidation DRS statement showing the adjustment to their position.
About Planet Ventures
Planet Ventures Inc. is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.
On behalf of the Board of Directors
"Etienne Moshevich"
Etienne Moshevich
Chief Executive Officer
INVESTOR RELATIONS CONTACT
PLANET VENTURES INC.
Tel: (604) 681-0084
Email: info@planetventuresinc.com
Website: www.planetventuresinc.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the Consolidation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314461
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happens to Planet Ventures’ convertible securities after the consolidation?
The exercise or conversion price and the number of shares issuable under any outstanding convertible securities of Planet Ventures will be proportionately adjusted when the consolidation becomes effective.
Do Planet Ventures’ name and trading symbols change as a result of the consolidation?
No. The company’s name and trading symbol will remain the same after the consolidation.
How will DRS, CDS and DTC positions be handled in the consolidation?
Registered shareholders holding through a DRS statement will receive a new post-consolidation DRS statement reflecting the adjusted position. Beneficial positions held through CDS and DTC will be automatically exchanged on completion of the consolidation. Intermediaries such as brokerage firms and financial institutions will facilitate the transmittal for any physical certificates they hold on behalf of beneficial shareholders.