Metaplanet to Raise ¥10.08 Billion for Bitcoin Acquisition via Stock Rights Offering

• Metaplanet aims to raise ¥10.08 billion via a stock rights offering to boost Bitcoin holdings.
• Shareholders will receive stock acquisition rights gratis, exercisable at ¥555 per share until October 15, 2024.
• Unexercised rights will be acquired by Metaplanet and may be allocated to specific investors.

This initiative aims to bolster its Bitcoin holdings, continuing its aggressive acquisition strategy.

Details of the Stock Rights Offering

To exercise their stock acquisition rights, shareholders must submit an exercise request form to the company and remit the exercise price. This process must be completed within the period from the receipt of the notification until October 15, 2024. Shareholders have the option to decide whether to exercise their rights, with no further action required if they choose not to.

Future Allocation of Unexercised Rights

Any stock acquisition rights not exercised by the October 15, 2024 deadline will be acquired by Metaplanet for no consideration. The company may then allocate these rights at fair value to specific investors approved by the Board of Directors, referred to as "Specific Investors."

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