finance.yahoo.com

Metaplanet Cuts Series 10 Share Pool by 41% Over Dilution

Metaplanet Inc. logoMetaplanet Inc.
Sig2.90Sen+1.30Env0.00Soc0.00Gov+2.40

Metaplanet CEO Simon Gerovich said the firm will cut the number of shares that could be issued under its Series 10 stock acquisition rights by 41.1% after shareholder criticism over dilution. Shares tied to each right will drop from 696 to 410, reducing potential shares from 319.464 million to 188.19 million. Metaplanet will also drop a plan to transfer up to 90,000 rights to an incentive vehicle.

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