---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002227"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:40:38.553566+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Planet 13 restates 2021-2023 financials after $22M believed misappropriated by investment advisor

## Summary
- Believed misappropriation of ~US$22.0M of company funds held by El Capitan Advisors, Inc.
- Restatement covers audited FY 2021 & 2022 and unaudited Q1-Q3 2023 financials.
- Expects to decrease cash by ~US$16.5M for 2022, impacting net income, EPS, and taxes.
- Q3 2023 10-Q will also reflect ~US$5.5M restricted cash adjustment.
- Company will file amended reports and review internal controls over financial reporting.

## SEC filing metadata
- accession: 0001437749-24-002227
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774924002227/0001437749-24-002227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774924002227/plnh20240125_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002227
- JSON: https://secwatch.observer/filing/0001437749-24-002227.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002227.txt

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