Planet Ventures invests $100,000 (U.S.) in GRU Space

Executive Summary

• Planet Ventures Inc. announced a $100,000 U.S. strategic investment in GRU Space, a California-based aerospace startup developing the world's first lunar hotel, via a Simple Agreement for Future Equity (SAFE).
• The company simultaneously announced the full repayment of $6.4 million in principal plus all accrued interest on its 12% secured convertible debentures, effectively eliminating outstanding debt and potential dilution from conversion features.

Key Details

• Strategic Investment in GRU Space:
  • Planet Ventures invested $100,000 (U.S.) in Galactic Resource Utilization Space Inc. (GRU Space).
  • The investment was made pursuant to a Simple Agreement for Future Equity (SAFE).
  • The SAFE provides for automatic conversion into preferred equity upon the closing of a future equity financing, at the lowest price per share issued to new investors.
  • GRU Space is developing an inflatable, pressurized habitat for the lunar surface, with an estimated opening in 2032.
  • GRU Space has begun accepting early reservations with deposits ranging from $250,000 to $1,000,000 (U.S.).
  • The first construction mission for the lunar hotel is planned for 2029.
• Repayment of Convertible Debentures:
  • Planet Ventures fully repaid $6.4 million in principal and all accrued but unpaid interest.
  • The debt instrument was a 12% per annum secured convertible debenture issued on August 20, 2025.
  • Repayment was made pursuant to a non-brokered private placement financing.
  • Following repayment, no debentures remain outstanding, and the security granted to holders has been discharged.
  • Management states this strengthens the balance sheet and eliminates potential dilution associated with the conversion feature.

Notable Quotes

• Etienne Moshevich, CEO of Planet Ventures: "We are thrilled to have made this investment in GRU Space at this early and exciting stage of human space exploration... This investment reflects our belief in GRU Space's vision and technical approach to building sustainable, long-term habitats beyond Earth."
• Skyler Chan, Founder and CEO of GRU Space: "We are excited to welcome Planet Ventures' investment in this pivotal moment on our journey to build foundational lunar infrastructure."