Planet Ventures Inc., headquartered in Vancouver, announced a 5-for-1 reverse split of its common shares effective Thursday. The consolidation will be recorded on the Canadian Securities Exchange (ticker PXI), OTC Pink (PNXPF) and Frankfurt Stock Exchange (P6U).
Post‑consolidation, the company expects about 61,718,883 issued and outstanding shares, subject to rounding of fractional holdings. No fractional shares will be issued; holdings are rounded down if the fraction is under one‑half and rounded up if it is one‑half or more.
The company’s new CUSIP (727053407) and ISIN (CA7270534075) will replace the prior identifiers. All convertible securities will be adjusted proportionally to the split, affecting both exercise prices and the number of shares issuable.
Computershare Investor Services Inc. will act as transfer agent. Shareholders with physical certificates will receive a transmittal letter from Computershare outlining how to exchange certificates for a Direct Registry System statement or new physical certificate. Beneficial holdings through CDS and DTC will be converted automatically.
The consolidation remains subject to approval by the Canadian Securities Exchange, but Planet Ventures’ name and trading symbols will stay unchanged.
