Business
Planet Ventures Announces Effective Date of Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2026) - Planet Ventures Inc. (CSE: PX...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Announces Effective Date of Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - February 12, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U1) (\"Planet\" or the \"Company\") announces that further to the Company's news release dated February 11, 2026 and effective February 20, 2026, that the Company will consolidate the common shares in the capital of the Company (the \"Shares\") on the basis of two (2) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the \"Consolidation\"). The Company's name and stock symbol will remain unchanged following the Consolidation. The new CUSIP number will be 727053308 and the new ISIN will be CA7270533085 for post Consolidation Shares.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.No fractional shares will be issued as a result of the Consolidation. Any fractional shares resulting from the Consolidation will be rounded up or down to the nearest whole Share. Any of the Company's outstanding incentive stock options, warrants, and any other convertible securities will be adjusted on the same basis (2:1) to reflect the Consolidation in accordance with their respective terms with proportionate adjustments to be made to the exercise prices.The Company's post Consolidation Shares are expected to begin trading on the Canadian Securities Exchange on or about February 20, 2026.Shareholders who hold their common shares through a securities broker or other intermediary and do not have common shares registered in their name will not be required to take any measures with respect to the Consolidation. Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company. All registered shareholders will be required to send their respective certificates representing the pre-Consolidation Shares along with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. (the \"Transfer Agent\"), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through the Transfer Ag...