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Metaplanet KK ( (JP:3350) ) just unveiled an update.
Metaplanet Inc. has completed payment for its previously approved issuance of 23.61 million Class B preferred shares, branded as “MERCURY,” via a third-party allotment to a group of institutional investors, raising total proceeds of ¥21.249 billion at ¥900 per share. The transaction, which equally boosts both capital stock and capital reserve by ¥10.6245 billion and increases the company’s capital stock to ¥258.5 billion before a scheduled reduction to ¥1, strengthens Metaplanet’s capital base and diversifies its shareholder structure with major global funds such as Nautical Funding Ltd. and SMALLCAP World Fund, potentially enhancing its financial flexibility and market presence.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc., listed on the TSE Standard market (code 3350), operates in Japan and is positioned as a publicly traded company attracting institutional investors through capital markets financing, including the issuance of preferred shares to support its strategic and financial initiatives.
Average Trading Volume: 35,684,039
Technical Sentiment Signal: Buy
Current Market Cap: Yen507.2B
See more data about 3350 stock on TipRanks’ Stock Analysis page.