Metaplanet Shares Jump After Shareholders Approve Key Amendments

Metaplanet Inc (3350) shares ROSE over 2.5% to 853 yen in Tokyo trading after shareholders approved three pivotal amendments at an extraordinary general meeting. The resolutions enhance financial flexibility and modernize governance structures, signaling investor confidence in the company's strategic direction.

The first amendment raises the maximum authorized shares to 2.7 billion, facilitating future capital raises. A second proposal institutionalizes virtual-only shareholder meetings, aligning with evolving corporate governance trends. The third establishes Class A and Class B share provisions, creating additional capital structure options.

Management praised shareholders for their support, noting these changes position the company for accelerated growth. The market response—a notable share price increase—reflects approval of Metaplanet's forward-looking adjustments.