Metaplanet Inc. (3350) Rose 5.7% Wednesday, after the Tokyo-based company said it is planning to sell shares to foreign investors, provided updates on recent capital actions and said it will temporarily suspend arrest warrant.
The company plans to issue up to 555 million new Tokyo-traded shares through an international offering, subject to the shareholder approval at an extraordinary general meeting on September 1, said in a post about X.
The offer is expected to travel around 130.3 billion yen (880 million dollars)With the majority assigned to Bitcoin Buy and a minor part for its Bitcoin income generation business. The move is intended to extend Bitcoin Net -Active Value (NAV) And strengthen the tape with global institutional investors.
Metaplanet also reported progress on the exercise of its 20th row of share purchase rights. Between August 14 and August 26, investors exercised 275,000 rights, resulting in the issue of 27.5 million new shares at prices from 966 yen to 834 yen.
The new equity increased the company’s total outstanding shares to 739.7 million per year. 26 August. In connection with the Metaplanet, the Metaplan redeemed 5.25 billion yen of the 19th series of regular bonds early, adding redemptions in July and August, which further reduced the obligations prior to the bonds’ planned maturation in December.
Finally, the company said it will suspend the exercise of 20th, 21st and 22nd row of share purchase rights from September 3 to September 30. Undeveloped rights are on 360,000 units for the 20th series and 1.85 million units each for the 21st and 22nd series. Metaplanet noted that it retains the flexibility to resume or adjust the suspension if necessary.
The company’s shares closed at 890 yen.
