Planet 13 agrees to be acquired by Vireo Growth in all-stock merger; each share gets 0.01538 Vireo shares

Planet 13 Holdings Inc.

Each Planet 13 share converts into 0.015383618 Vireo subordinate voting shares.
Voting agreements with Larry Scheffler, Robert Groesbeck, David Loop, and Christopher Wren to vote in favor.
Lock-up agreements on Vireo shares received; 5% released at close, then 31.67% at 9, 15, and 18 months.
Termination fee of $1.8 million payable by Planet 13 under certain circumstances.
Closing requires stockholder and regulatory approvals; termination date July 26, 2027 (extendable to Oct 26, 2027).

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