Planet Ventures Announces Strategic Investment in GRU Space to Support First Hotel On the Moon; Announces Repayment of Convertible Debentures

Executive Summary

• Planet Ventures Inc. invested USD 100,000 in Galactic Resource Utilization Space, Inc. (GRU Space) via a SAFE agreement, positioning the company in the emerging lunar‑hotel market.
• The Company fully repaid its $6.4 million 12% secured convertible debentures issued on August 20 2025, eliminating all outstanding debt and associated conversion dilution.
• Both actions strengthen Planet’s balance sheet and underscore its strategy of backing high‑growth, disruptive technologies.

Key Details

• Investment: USD 100,000 in GRU Space under a Simple Agreement for Future Equity (SAFE); converts to preferred equity at the lowest price per share in any future financing round.
• GRU Space Project: Development of the world’s first lunar hotel with an estimated opening in 2032; first construction mission planned for 2029; early reservations accepted with deposits ranging from USD 250,000 to USD 1 million.
• Strategic Rationale: Investment aligns with Planet’s focus on disruptive, high‑growth ventures and expands exposure to commercial space tourism and off‑planet infrastructure.
• Debt Repayment: Full repayment of $6,400,000 principal plus all accrued interest on 12% per annum secured convertible debentures (issued Aug 20 2025).
• Resulting Capital Structure: No remaining convertible debentures; security interests released; balance sheet strengthened; eliminates potential dilution from conversion feature.
• Use of Proceeds (from debt repayment): Not disclosed; repayment indicates sufficient liquidity to meet obligations and continue investment activities.

Notable Quotes

• “We are thrilled to have made this investment in GRU Space at this early and exciting stage of human space exploration,” – Etienne Moshevich, CEO, Planet Ventures.
• “We are excited to welcome Planet Ventures' investment in this pivotal moment on our journey to build foundational lunar infrastructure,” – Skyler Chan, Founder & CEO, GRU Space.