Grit Investment Trust Plans Reverse Takeover of Planet Scan

06:11 AM EDT, 07/27/2026 (MT Newswires) -- Grit Investment Trust (GRIT.L) said Monday it entered into a nonbinding heads of terms to buy Switzerland-based Planet Scan via a reverse takeover. The companies agreed to an eight-week exclusivity period, with Planet Scan required to compensate Grit if it withdraws from negotiations. However, there is no certainty that the proposed transaction will proceed. The deal remains subject to due diligence, the execution of final legally binding agreements, approval from Grit shareholders, and the cancellation of Grit's shares from trading on the London bourse.