v3.26.1
Note 9 - Share Capital
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

9. Share Capital

 

The Company is authorized to issue 1,500,000,000 shares of common stock and 50,000,000 shares of preferred stock. 

 

   

Number of Shares of Common Stock

 
          
   

June 30,

  

December 31,

 
   

2026

  

2025

 

Common Stock

         

Balance at January 1

  325,670,800   325,163,800 

Shares issued on settlement of RSUs

i.

  9,648,655   507,000 
          

Total shares of common stock outstanding

  335,319,455   325,670,800 

 

i. Shares issued for Restricted Share Units

 

During the six months ended June 30, 2026, no restricted stock units ("RSU") were awarded under the Planet 13 Holdings Inc 2023 Equity incentive plan (as amended from time to time, the "2023 Equity Plan").  9,648,655 vested RSUs were issued and 924,379 unvested RSUs were forfeited and cancelled.  The Company did not receive any cash proceeds on the settlement of the RSUs.

 

During the year ended December 31, 2025, 23,930,635 RSUs were awarded under the 2023 Equity incentive plan. 507,000 of these RSUs vested and were issued, 1,780,931 RSUs were forfeited and cancelled. The Company did not receive any cash proceeds on the settlement of the RSUs.