
Planet Ventures Announces Effective Date of Share Consolidation
Newsfile Corp
公開日時: Sep 15, 2026, 05:49 PM
Sentiment Analysis
Planet Ventures Inc. announces that, effective September 18, 2026, the Company will consolidate its common shares on a five (5) for one (1) basis. The Consolidation is subject to acceptance from the Canadian Securities Exchange. The name of the Company and trading symbol will remain the same after the Consolidation. 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.
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.
Source: Newsfile Corp
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