Metaplenet Inc. (3350) Rose 5.7% on Wednesday after the company based in Tokyo said it plans to sell shares to foreign investors, provided updates on recent capital shares and said it will temporarily suspend the exercises of order.
The company plans to issue up to 555 million new shares listed in Tokyo through an international offer, subject to the approval of shareholders at an extraordinary general meeting on September 1, he said in a publication about X.
The offer is expected to collect around 130.3 billion yen ($ 880 million)With most assigned to Bitcoin Purchases and a smaller portion of your Bitcoin income generation business. The movement is intended to expand the value of Bitcoin’s net asset (NAV) and strengthen ties with global institutional investors.
Metaplenet also reported on progress in the exercise of its twentieth series of actions to acquire actions. Between August 14 and August 26, investors exercised 275,000 rights, which resulted in the issuance of 27.5 million new shares at prices ranging from 966 yen to 834 yen.
The new heritage increased the total shares of the company in circulation to 739.7 million as of August 26. Together, Metaplanet redeemed 5.25 billion yen of the 19 series of ordinary bonds early, which adds to the channels in July and August, further reducing responsibilities before the programmed maturity of the bonds in December.
Finally, the company said it will suspend the exercise of series 20, 21 and 22 of the acquisition of shares from September 3 to September 30. The rights not exercised are in 360,000 units for the 20 and 1.85 million units each for the 21 and 22. Metaplanet series said it retains flexibility to resume or adjust the suspension if necessary.
The company’s shares closed at 890 yen.
