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By James Van Straten, AI Boost|Edited by Parikshit Mishra
Sep 2, 2025, 7:52 a.m.
- Shareholders approved increase in authorized shares to 2.7 billion.
- New rules enable virtual-only meetings and creation of Class A and Class B shares
Metaplanet Inc (3350) shares gained more than 2.5% to 853 yen on Tuesday after investors approved key amendments at an extraordinary general meeting held on Sep. 1. The company announced that shareholders backed three proposals that expand its financial and governance flexibility.
The first resolution increased the maximum number of authorized shares to 2.7 billion allowing Metaplanet to raise capital more easily in the future. The second amendment introduced new rules enabling virtual-only shareholder meetings, reflecting a broader shift in corporate governance practices.
STORY CONTINUES BELOW
The third resolution created provisions for authorized class shares, formally establishing both Class A and Class B shares.
Management expressed gratitude to shareholders for their support, noting that the approvals position Metaplanet to pursue growth initiatives more effectively. The market reaction suggests investor confidence in the company’s plans, with shares rallying in Tokyo trading.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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