---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032479"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:20:16.996604+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Planet 13 reports $5.5M cash seized; additional $16M possibly misappropriated by El Capitan

## Summary
- On Sept 21, 2023, $5.5M held at Western Alliance Bank was levied by Casa Verde Capital via Orange County Sheriff due to El Capitan dispute.
- Company filed third-party claim; hearing scheduled Nov 30, 2023.
- Additional $16M in two accounts managed by El Capitan may have been misappropriated; withdrawal requests refused since Nov 14, 2023.
- Company engaged legal counsel and commenced internal investigation; pursuing all legal means for recovery.
- Company says near-term expenses will increase but does not expect material impact on business or liquidity.

## SEC filing metadata
- accession: 0001437749-23-032479
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923032479/0001437749-23-032479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923032479/plnh20231116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032479
- JSON: https://secwatch.observer/filing/0001437749-23-032479.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032479.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.