Notice on the Issuance of the 27th Stock Acquisition Rights by Third-Party Allotment (with Exercise Price Adjustment Clause, mNAV Clause, Lower Limit Exercise Price Adjustment Clause, and Exercise Suspension Clause) and Conclusion of Stock Acquisition Rights Purchase Agreement

Overview of Capital Policy

Metaplanet Corporation plans to issue 1,000,000 units of the 27th stock acquisition rights (potential shares: 100,000,000 shares) by third-party allotment to EVO FUND on April 1, 2026, aiming to raise approximately JPY 37.1 billion. The initial exercise price is JPY 373, with a lower limit exercise price of JPY 298 (adjustable down to JPY 187 in the future), and the exercise price is linked and adjusted to the market closing price. The exercise period is from April 16, 2026 to April 17, 2028. Funds raised will be allocated for additional Bitcoin acquisitions and investments in the Bitcoin Income Business.

Impact on Shareholders and Significance of Fundraising

The issuance of these stock acquisition rights is expected to cause a maximum dilution of approximately 8.57%, but since exercises will be spread over about two years, temporary concentration of dilution will be avoided. The fundraising supports the company’s Bitcoin Treasury strategy, which includes a mid-to-long-term plan aiming to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. The inclusion of mNAV clauses and exercise suspension provisions reflects consideration for market conditions and shareholder value, designed to protect existing shareholders’ interests.