Metaplanet Inc.
Supplementary Explanation Materials Regarding Third-Party Allocated Capital Increase
Plan to raise up to 85.3 billion yen through third-party allotment of common shares and the 26th series stock acquisition rights. Payment date is March 31, 2026.
Key Figures
- Maximum Fundraising Amount: 85.3 billion yen (40.8 billion yen from common shares, 44.5 billion yen from stock acquisition rights)
- Immediately Issued Shares (Common Shares): 107,368,000 shares
- Potential Shares by Stock Acquisition Rights: 107,368,000 shares
AI要約
Overview of Fundraising
Metaplanet Inc. will implement a third-party allotment as a strategic capital policy aimed at accumulating BTC and maximizing BTC holdings per share. Through the issuance of common shares and the 26th series stock acquisition rights, the company plans to raise up to 85.3 billion yen, with the allottee being overseas institutional investors. The payment date is March 31, 2026. The issuance price of common shares includes a 2% premium to the closing price on March 13, 2026, and the exercise price of the stock acquisition rights carries a fixed premium of 10% to the same day's closing price.
Characteristics of Stock Acquisition Rights and Rationality of Capital Policy
The stock acquisition rights are priced at zero market discount (at-the-market) and have an exercise period from April 1, 2026 to March 31, 2028, spanning two years. A soft call clause allowing gratuitous acquisition upon meeting certain stock price conditions is also included. Metaplanet is pursuing continuous BTC accumulation and promotes fundraising through common shares when the mNAV is 1.0 or higher. This approach represents a rational capital policy that leverages volatility capitalization without incurring additional debt burden.
