Ethynylcyclopropenylidene (2), an isomer of C5H2, is a known molecule in the laboratory and has recently been identified in Taurus Molecular Cloud-1 (TMC-1). Using high-level coupled-cluster methods up to the CCSDT(Q)/ CBS level of theory, it is shown that two isomers of C5H2 with a planar tetracoordinate carbon (ptC) atom, (SP-4)-spiro[2.2]pent-1,4-dien-1,4-diyl (11) and (SP-4)-spiro[2.2]pent-1,4-dien-1,5-diyl (13), serve as the reactive intermediates for the formation of 2. Here, a theoretical connection has been established between molecules containing ptC atoms (11 and 13) and a molecule (2) that is present nearly 430 light years away, thus providing evidence for the existence of ptC species in the interstellar medium. The reaction pathways connecting the transition states and the reactants and products have been confirmed by intrinsic reaction coordinate calculations at the CCSDT(Q)/CBS//B3LYP-D3BJ/cc-pVTZ level. While isomer 11 is non-polar (μ = 0), isomers 2 and 13 are polar, with dipole moment values of 3.52 and 5.17 Debye at the CCSD(T)/cc-pVTZ level. Therefore, 13 is also a suitable candidate for both laboratory and radioastronomical studies.