
Planet Ventures Inc. Announces Disposal of 30 Million Common Shares by Transcend Capital Inc.
âĒBy ADMIN
Related Stocks:PNXPF
On January 8, 2026, Planet Ventures Inc. disclosed that Transcend Capital Inc. (âTranscendâ), a company controlled by Etienne Moshevich, has sold 30,000,000 common shares of Planet Ventures Inc., representing approximately 14.70% of the issuerâs currently issued and outstanding common shares.
After the transaction, Transcend and Mr. Moshevich collectively hold 36,838,000 common shares, equivalent to about 18.05% of the companyâs outstanding shares, in addition to a convertible debenture with a principal amount of $3,200,000. The debenture can be converted into common shares at a price of $0.50 per share. If just the debenture is converted, Transcendâs ownership and control would increase to 43,238,000 shares, or roughly 20.54% of the companyâs outstanding common shares.
The disposed shares were sold in a private transaction at $0.04 per share. Planet Ventures noted that Transcend or Mr. Moshevich may acquire or dispose of additional securities of the issuer in the future depending on market conditions. Stakeholders seeking more details or the early warning report can access it on the issuerâs SEDAR+ profile.
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