Planet Ventures Enters the Space Economy with Strategic Investment in Mantis Space

Rhea-AI Summary

Planet Ventures (OTC Pink: PNXPF) completed a USD $200,000 strategic equity investment in Mantis Space on February 18, 2026, acquiring 49,313 shares at $4.0557/share. The investment is Planet's first into the space sector and is part of a broader financing.

Mantis Space plans headquarters and manufacturing in Albuquerque, with a projected $480 million economic impact and >200 high-wage jobs; public support includes $2.5M from New Mexico LEDA and $500K from the City of Albuquerque.

Positive

• Investment size: USD $200,000 strategic equity stake in Mantis Space
• Share terms: 49,313 shares purchased at $4.0557 per share
• Local economic impact: Albuquerque expansion projected to generate $480 million over a decade
• Job creation: Expansion expected to create >200 high-wage technology jobs
• Public support: $2.5M LEDA plus $500K city incentive

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U1) ("Planet" or the "Company") is pleased to announce that it has completed a USD$200,000 strategic equity investment in Mantis Space, marking Planet's first investment in the rapidly expanding global space sector.

Mantis Space is a space and advanced energy company developing what it describes as the world's first power grid in space - orbital infrastructure designed to deliver power directly to satellites, space habitats, and future lunar operations. The company is expected to officially emerge from stealth in early 2026.

According to Expansion Solutions Magazine, in an article written by Nicole Shakir and published on December 8^th, 2025, Mantis Space announced that it selected Albuquerque, New Mexico as the location for its new headquarters and advanced research and manufacturing operations following a competitive national search. The planned expansion is projected to generate more than $480 million in economic impact for the City of Albuquerque and the State of New Mexico over the next decade and create more than 200 high-wage technology jobs, with average salaries exceeding $180,000 annually.

Founded in Kennesaw, Georgia by space industry veterans and backed by venture studio Montauk Capital, Mantis Space is positioning itself at the forefront of orbital energy infrastructure - an emerging segment expected to play a foundational role in the global space economy, which analysts project will exceed $1 trillion by the early 2030s.

Source: World Economic Forum publication titled Space: The $1.8 Trillion Opportunity for Global Economic Growth - developed jointly with McKinsey & Company., https://www.weforum.org/publications/space-the-1-8-trillion-opportunity-for-global-economic-growth/?utm_source=chatgpt.com

Orbital power infrastructure is viewed as a key enabler of next-generation capabilities including:

• Persistent satellite operations
• On-orbit servicing and manufacturing
• Space-based data centers
• Lunar infrastructure development
• Advanced defense and energy applications

Link to web article: https://www.expansionsolutionsmagazine.com/mantis-space-selects-albuquerque-for-headquarters/

"This investment represents Planet's entry into one of the most transformational industries of our time," said Etienne Moshevich, CEO of Planet Ventures. "The commercialization of space is accelerating rapidly, and infrastructure solutions such as orbital energy distribution are foundational to the next phase of growth. We believe Mantis Space is building in a strategically critical segment of the space economy and we are excited to support their development."

According to an official press release from the City of Albuquerque - Economic Development Department, Mantis Space's headquarters expansion is supported by $2.5 million through New Mexico's Local Economic Development Act (LEDA) program and $500,000 from the City of Albuquerque, underscoring strong public-sector confidence in the company's long-term impact.

Source: https://www.cabq.gov/economicdevelopment/news/space-infrastructure-startup-mantis-space-selects-albuquerque-for-headquarters-and-manufacturing-hub

The USD$200,000 investment was completed in exchange for 49,313 shares at $4.0557/share. This equity investment in Mantis Space was part of a broader financing.

Planet views this transaction as aligned with its mandate to deploy capital into emerging, high-growth sectors with asymmetric return potential.

Planet continues to evaluate additional opportunities in the space industry as well as across other innovative industries where technological disruption and structural growth trends can create long-term shareholder value.

About Mantis Space

Mantis Space is a private space technology company focused on developing advanced infrastructure solutions designed to support the next phase of commercial space activity. The company aims to enable more efficient deployment, operation, and scalability of space-based systems as the industry transitions from government-led initiatives to commercially driven expansion. Mantis Space website can be found here: https://mantis.space/

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/284152

FAQ

What did Planet Ventures announce on February 18, 2026 about Mantis Space (PNXPF)?

Planet Ventures announced a USD $200,000 strategic equity investment in Mantis Space. According to Planet, the purchase was part of a broader financing and marks Planet's first investment into the global space sector, intended to deploy capital into high-growth technologies.

How many shares did Planet Ventures acquire in Mantis Space and at what price (PNXPF)?

Planet acquired 49,313 shares at $4.0557 per share in Mantis Space. According to Planet, the USD $200,000 investment was completed in exchange for those shares as part of the broader financing round.

What economic impact is expected from Mantis Space's Albuquerque headquarters announced in 2025?

Mantis Space's Albuquerque expansion is projected to generate $480 million over the next decade and create over 200 jobs. According to public reports, average salaries are expected to exceed $180,000 annually, reflecting high-wage technology positions.

What public incentives support Mantis Space's Albuquerque expansion announced in early 2026?

The expansion is supported by $2.5 million from New Mexico's LEDA program and $500,000 from the City of Albuquerque. According to municipal announcements, these incentives underscore public-sector backing for the company's headquarters and manufacturing hub.

Why does Planet Ventures say the Mantis Space investment fits its strategy (PNXPF)?

Planet says the investment aligns with its mandate to deploy capital into emerging, high-growth sectors with asymmetric return potential. According to Planet, orbital energy infrastructure is seen as foundational to commercialization of space and long-term shareholder value.