Metaplanet Inc. (3350) Shares received more than 2.5% to 853 yen on Tuesday, after investors approved key changes at an extraordinary general meeting held on September 1. The company announced that shareholders supported three proposals that expand its financial and government flexibility.
The first decision increased the maximum number of authorized shares to 2.7 billion so that the metaplan could more easily raise capital in the future. The second amendment introduced new rules that enabled current shareholder meetings with only virtual, reflecting a broader shift in practice for business management.
The third decision created provisions for authorized class leaders, formally establishing both class A and Class B shares.
Management expressed gratitude to shareholders for their support and noted that the metaplanet for the approval position to pursue growth initiatives more effectively. The market reaction suggests the investor’s confidence in the company’s plans, with shares gathered in Tokyo trading.
