Metaplanet Inc (3350) The shares gained more than 2.5% at 853 yen on Tuesday after investors approved key changes during an extraordinary general meeting held on September 1. The company announced that shareholders had supported three proposals that widen its financial and governance flexibility.
The first resolution increased the maximum number of actions authorized to 2.7 billion allowing Metaplanet to raise capital more easily in the future. The second amendment has introduced new rules allowing virtual shareholder meetings only, reflecting a broader change in corporate governance practices.
The third resolution created provisions for authorized class actions, officially establishing class A and class B shares.
Management has expressed its gratitude to shareholders for their support, noting that approvals position Metaplanet to continue growth initiatives more effectively. The market reaction suggests a confidence of investors in the company’s plans, actions rallying to Tokyo Trading.
