3 weeks ago
Metaplanet Inc. (3350) roseate 5.7% connected Wednesday aft the Tokyo-based institution said it plans to merchantability shares to overseas investors, provided updates connected caller superior actions and said it volition temporarily suspend warrant exercises.
The institution plans to issue up to 555 million caller Tokyo-traded shares done an planetary offering, taxable to shareholder support astatine an bonzer wide gathering connected Sept. 1, it said successful a station connected X.
The offering is expected to rise astir 130.3 cardinal yen ($880 million), with the bulk allocated to bitcoin (BTC) purchases and a smaller information to its bitcoin income procreation business. The determination is intended to grow bitcoin nett plus worth (NAV) and fortify ties with planetary organization investors.
Metaplanet besides reported connected advancement connected the workout of its 20th Series of Stock Acquisition Rights. Between Aug. 14 and Aug. 26, investors exercised 275,000 rights, resulting successful the issuance of 27.5 cardinal caller shares astatine prices ranging from 966 yen to 834 yen.
The caller equity accrued the company’s full shares outstanding to 739.7 cardinal arsenic of Aug. 26. In conjunction, Metaplanet redeemed 5.25 cardinal yen of the 19th Series of Ordinary Bonds early, adding to redemptions successful July and August, further reducing liabilities up of the bonds’ scheduled maturity successful December.
Finally, the institution said it volition suspend the workout of the 20th, 21st, and 22nd Series of Stock Acquisition Rights from Sep. 3 to Sept. 30. Unexercised rights basal astatine 360,000 units for the 20th Series and 1.85 cardinal units each for the 21st and 22nd Series. Metaplanet noted it retains flexibility to resume oregon set the suspension if needed.
The company's shares closed astatine 890 yen.
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