Key Amendments Drive Metaplanet Shares Higher

Metaplanet Shares Rally After Key Governance and Share Amendments

Shares of Metaplanet Inc (3350) rose more than 2.5% to 853 yen on Tuesday following investor approval of crucial proposals at the company’s extraordinary general meeting on September 1. Shareholders endorsed three measures aimed at increasing financial flexibility and strengthening corporate governance.

The first resolution expanded the maximum number of authorized shares to 2.7 billion, providing the company with greater capacity to raise capital. The second amendment introduced provisions for virtual-only shareholder meetings, aligning with modern governance trends.

The third resolution established authorized class shares, formally creating both Class A and Class B share types.

Management thanked shareholders for their support, noting that the approvals enhance Metaplanet’s ability to pursue growth initiatives. The positive response in Tokyo’s trading session suggests investor confidence in the company’s strategic direction.