Planethic Shares Slide Again as Potsdam Court Opens Insolvency Proceedings
Published on 09/08/2026 at 19:10 | Editorial boerse-global.de
The market's verdict on Planethic Group AG grows harsher by the session. The stock shed another 7.7 percent on Tuesday, settling at EUR 1.01, as investors digest the implications of the insolvency proceedings opened by the Amtsgericht Potsdam on 25 August.
The latest decline extends a brutal stretch for shareholders. Since the start of the year, the equity has surrendered roughly 84 percent of its value, and Tuesday's move follows a 7.3 percent drop in the prior session that left the shares at EUR 1.02. The scale of the collapse becomes starker with a look at the 52-week picture: on 8 September 2025, the stock marked a high of EUR 14.60.
Self-Administration Keeps Management at the Helm
The court's ruling placed the company under self-administration, a framework that allows the existing board to steer the restructuring under the watch of a court-appointed supervisor rather than handing control to an external administrator. Planethic said on 27 August that it had been formally notified of the decision, and the company has stressed that business operations will continue despite the proceedings.
Prof. Dr. Torsten Martini of GÖRG Insolvenzverwaltung has been appointed as the custodian overseeing the process. His mandate is to protect the interests of creditors while the management team works through the reorganization. The company has cautioned that the opening of proceedings carries significant consequences for its financial position, earnings outlook, and the legal standing of holders of its financial instruments.
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Leadership Shake-Up Adds to Uncertainty
The legal turbulence has already claimed a casualty at the executive level. The supervisory board revoked Anja Brachmüller's appointment as a board member with immediate effect, a decision that also triggered the extraordinary termination of her service contract. Media reports indicate the move was made for cause.
The board had passed the resolution to remove Brachmüller on 25 August, but the measure was only fully executed at the end of the month. Her departure leaves Sascha Voigt as the sole remaining member of the executive board, thinning management capacity precisely at the moment when the company must coordinate either a turnaround or a winding-down under the custodian's oversight.
Equity Sits at the Back of the Queue
For investors holding Planethic shares, the arithmetic of insolvency is unforgiving. Shareholder claims rank behind those of other creditors in the distribution order, meaning that even a successful restructuring could leave equity holders with nothing. The company's 7.5 percent bond due 2030/2030 enjoys priority over equity claims, further diminishing the prospects for common shareholders.
The market capitalization now reflects deep skepticism about whether any meaningful value can be preserved for equity holders through the self-administration process. With the shares trading just above the EUR 1 mark and the legal framework placing stockholders last in line, the risk of a total loss of invested capital remains the dominant concern among market participants.
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