Metaplanet Inc. (3350) Shares gained more than 2.5% to 853 yen on Tuesday after investors approved the amendments that Exceptional general assembly held on September 1. The company announced that shareholders support three proposals that expand financial and management flexibility.
The first resolution increased the maximum number of authorized shares to 2.7 billion allowing the metaplanet to raise capital more easily in the future. The Second Amendment has introduced new policies that enabilize shareholder meetings only, reflecting a broader transfer to corporate management skills.
The third resolution created provisions for authorized class shares, which formally established both Class A sharing and class B.
The management expressed gratitude to the shareholders for their support, noting that the approval of the metaplanet position to pursue growth initiatives more effectively. The market reaction suggests investor confidence in the company’s plans, along with sharing the rally with Tokyo Trading.
