Japanese firm Metaplanet is preparing for significant growth through the issuance of preferred shares and scheduling an extraordinary general meeting (EGM) in September 2025.
Core details and the purpose of event
Metaplanet has announced its intention to issue perpetual preferred shares in two categories: Class A for Senior, Non-convertible shares and Class B for Convestible shares. Additionally, the firm has filed a shelf registration for up to $3.5 billion to set the stage for a large-scale fundraising initiative.
Why does it matter?
This move signals Metaplanet's intent to secure substantial funding while protecting shareholder value. The $3.5 billion shelf registration allows the company to issue preferred stock over time and offers flexibility to tap markets when conditions are favorable.
Shareholder participation details
Shareholders wishing to attend the EGM must apply in advance, and participation will be selected via a lottery system. Registration runs from August 1 to August 20, 2025, with results announced on August 22. A live stream will also be available for verified shareholders worldwide, although voting rights must be exercised in advance through mail or online.
The upcoming Metaplanet EGM is a key event for its shareholders, as decisions made could shape the company's capital structure for years to come.
