Shares of Metaplanet Climb on Announcement of Key Changes

Metaplanet Shares Climb After Shareholder Approvals

Metaplanet Inc (3350) shares rose over 2.5% to 853 yen on Tuesday following investor approval of key amendments at its extraordinary general meeting on September 1. The changes aim to strengthen the company’s financial and governance flexibility.

Shareholders approved three proposals. The first expanded the company’s maximum authorized shares to 2.7 billion, making future capital raising easier. The second allows for virtual-only shareholder meetings, reflecting modern governance trends. The third introduced provisions for authorized class shares, creating both Class A and Class B shares.

Management thanked shareholders for their support, emphasizing that the approvals position Metaplanet to execute growth initiatives more effectively. The positive market reaction in Tokyo suggests strong investor confidence in the company’s strategic direction.