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Metaplanet (TSE:3350) Is Down 16.6% After Approving Major Share Structure Changes and $1.4B Fundraise—Has the Bull Case Changed?
Metaplanet Inc. announced several major changes at its recent Extraordinary General Meeting, including an increase in authorized shares to 2.72 billion, the introduction of new share classes, and the option to hold virtual-only shareholder meetings.
This move supports Metaplanet's plan to raise ¥204.1 billion (US$1.4 billion) through an international share sale, with Nakamoto Holdings committing US$30 million in investment.
We'll explore how Metaplanet's expanded share structure and digital...