secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2026-07-30T22:29:11+00:00
Accession:  0001437749-26-025119
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926025119/0001437749-26-025119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774926025119/plnh20260730_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-025119

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