Metaplanet Inc (3350) shares gained more than 2.5% to 853 yen on Tuesday after investors approved key amendments at an extraordinary general meeting held on Sep. 1. The company announced that shareholders backed three proposals that expand its financial and governance flexibility.
The first resolution increased the maximum number of authorized shares to 2.7 billion allowing Metaplanet to raise capital more easily in the future. The second amendment introduced new rules enabling virtual-only shareholder meetings, reflecting a broader shift in corporate governance practices.
The third resolution created provisions for authorized class shares, formally establishing both Class A and Class B shares.
Management expressed gratitude to shareholders for their support, noting that the approvals position Metaplanet to pursue growth initiatives more effectively. The market reaction suggests investor confidence in the company’s plans, with shares rallying in Tokyo trading.
