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An update from Metaplanet KK ( (JP:3350) ) is now available.
Metaplanet Inc. has approved a sizeable equity financing via a third-party allotment, issuing 24,529,000 new common shares at ¥499 per share for total proceeds of about ¥12.24 billion through an overseas offering. In parallel, the company will issue the 25th series of stock acquisition rights, totaling 159,440 rights that could convert into up to 15,944,000 shares at an exercise price of ¥547, potentially raising an additional ¥8.80 billion if fully exercised. The transactions are governed by stringent conditions in a purchase agreement, including accuracy of representations, compliance with covenants, absence of legal impediments, and necessary regulatory approvals, and any transfer of the warrants will require board approval. Together, the measures significantly expand Metaplanet’s potential share base while bolstering its capital position, which may dilute existing shareholders but strengthens the company’s financial flexibility and reinforces its access to overseas institutional investors.
The most recent analyst rating on (JP:3350) stock is a Buy with a Yen533.00 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 Tokyo Stock Exchange Standard market, operates as a Japanese corporation engaged in business activities that require access to equity and capital markets, reflecting a strategy that relies on share issuances and equity-linked instruments to fund its operations and growth.
Average Trading Volume: 27,473,757
Technical Sentiment Signal: Buy
Current Market Cap: Yen565.4B
For an in-depth examination of 3350 stock, go to TipRanks’ Overview page.