Metaplanet Inc. (3350) Wednesday, increased by 5.7% after the company based in Tokyo had planned to sell stocks to foreign investors, provided updates on recent capital shares and said that it temporarily suspends justification exercises.
The company plans to issue up to 555 million new shares negotiated in Tokyo through an international offer, subject to the approval of shareholders at an extraordinary general meeting on September 1, he said in a position on X.
The offer is expected to increase around 130.3 billion yen ($ 880 million)With the majority allocated to Bitcoin Purchases and a smaller part of its Bitcoin income generation activity. The move is intended to extend the value of the Bitcoin net assets (Nav) And strengthen links with global institutional investors.
Metaplanet also reported on the progress of the exercise of its 20th series of actions acquisition rights. Between August 14 and August 26, investors exercised 275,000 rights, which led to the issue of 27.5 million new shares at prices ranging from 966 yen to 834 yen.
The new equity has increased the total of the company’s shares in circulation to 739.7 million from August 26. In conjunction, Metaplanet bought 5.25 billion yen from the 19th series of ordinary obligations, adding to redemption in December in December.
Finally, the company said that it will suspect the exercise of 20, 21st and 22nd series of actions acquisition rights from September 3 to September 30. Non -practicing rights are 360,000 units for the 20th series and 1.85 million units each for the 21st and 22nd series. Metaplanet noted that it retains flexibility to use or adjust the suspension if necessary.
The actions of the company closed at 890 yen.
