secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001437749-24-006905
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet 13 closes $11.3M public offering of 18.75M units at $0.60/unit, each with a warrant at $0.77
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- Gross proceeds ~$11.3M; net proceeds ~$9.825M after underwriting discounts and expenses.
- Each unit consists of one common share and one 5-year warrant exercisable at $0.77 per share.
- Underwriters granted 30-day option for up to 2,812,500 additional shares/warrants (15% over-allotment).
- Proceeds for working capital, potential Nevada cannabis license acquisitions, Florida and Illinois expansion.
- Directors/officers subject to 90-day lock-up; company banned from variable rate transactions for 6 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924006905/0001437749-24-006905-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924006905/plnh20240306_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006905

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer