Metaplanet Shares Rise on Approval of Strategic Amendments
Metaplanet Inc (3350) saw its shares climb over 2.5% to 853 yen on Tuesday after investors approved pivotal changes at the company’s extraordinary general meeting on September 1. The shareholder-backed amendments are designed to enhance both financial and governance flexibility.
The first measure increased the maximum authorized shares to 2.7 billion, enabling easier future capital raising. The second amendment allows for virtual-only shareholder meetings, reflecting a growing trend in corporate governance.
The third proposal established authorized class shares, formally introducing Class A and Class B share categories.
Company management expressed appreciation for shareholder support, noting that these approvals strengthen Metaplanet’s capacity to pursue growth strategies. The market’s positive response in Tokyo trading underscores investor confidence in the company’s direction.
