Planet Ventures Announces Proposed Share Consolidation

Rhea-AI Summary

Planet Ventures (OTC Pink: PNXPF) announced a proposed share consolidation on a 2-for-1 basis, reducing the issued and outstanding common shares from 304,126,672 to approximately 152,063,336 prior to fractional rounding.

The Consolidation was approved by the Board and remains subject to approval by the Canadian Securities Exchange; an effective date will be announced after Exchange approval. The Company confirmed it will not change its name in conjunction with the Consolidation.

Positive

• Consolidation ratio of 2-for-1 halves outstanding shares
• Board approved the Consolidation, indicating internal support

Negative

• Consolidation is subject to Canadian Securities Exchange approval, creating timing and outcome uncertainty
• Post-consolidation share count stated as approximate and subject to fractional rounding

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U1) ("Planet" or the "Company") announces that the Company intends to consolidate the common shares in the capital of the Company (the "Common Shares") on the basis of two (2) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation").

The Company currently has 304,126,672 Common Shares issued and outstanding, and following the Consolidation, the Company will have approximately 152,063,336 Common Shares issued and outstanding, prior to rounding for fractional shares.

The Consolidation was approved by the board of directors of the Company (the "Board") in accordance with the Articles of the Company but remains subject to the approval of the Canadian Securities Exchange (the "Exchange"). The Company will issue a further news release announcing the effective date of the Consolidation upon receiving Exchange approval. The Company will not be changing its name in conjunction with the Consolidation.

About Planet Ventures Inc.

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.

For further information, please contact:
Etienne Moshevich, CEO
Tel: (604) 681-0084
Email: info@planetventuresinc.com
Website: www.planetventuresinc.com

Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding "Forward‐Looking" Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company's actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283566

FAQ

What is the share consolidation ratio for Planet Ventures (PNXPF) announced on February 11, 2026?

The consolidation is a 2-for-1 share consolidation, meaning two pre-consolidation shares become one post-consolidation share. According to Planet, this reduces the outstanding common shares from 304,126,672 to about 152,063,336 before fractional rounding and Exchange approval.

How many Planet Ventures (PNXPF) shares will be outstanding after the 2-for-1 consolidation?

After the 2-for-1 Consolidation, Planet expects approximately 152,063,336 common shares outstanding prior to rounding. According to Planet, this figure is approximate and final outstanding shares will be confirmed when the Consolidation becomes effective following Exchange approval.

Has Planet Ventures (PNXPF) received regulatory approval for the consolidation announced February 11, 2026?

No, the Consolidation remains subject to approval by the Canadian Securities Exchange and is not yet effective. According to Planet, the company will issue a further news release announcing the effective date once Exchange approval is received.

Will Planet Ventures (PNXPF) change its company name as part of the 2-for-1 consolidation?

No, Planet confirmed it will not change its name in conjunction with the Consolidation. According to Planet, the share consolidation concerns only the capital structure and does not involve a corporate name change.

What should shareholders of Planet Ventures (PNXPF) expect regarding fractional shares from the consolidation?

Shareholders should expect that fractional shares may be rounded when the Consolidation is applied, affecting final share counts. According to Planet, the post-consolidation figure of 152,063,336 is approximate and subject to rounding for fractional shares.

When will the 2-for-1 consolidation for Planet Ventures (PNXPF) become effective?

The Consolidation will become effective only after receiving Exchange approval and a subsequent company announcement of the effective date. According to Planet, the Company will issue a further news release announcing the effective date once approval is obtained.