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Metaplanet Raises $66 Million Through Stocks Acquisition Rights Program

Author: Content Editor
Japanese investment adviser Metaplanet Inc. has successfully completed its 11th series of stock acquisition rights, raising $66 million. The company offered shareholders the option to purchase new shares at a discounted rate of 555 yen per share. During the stock acquisition rights period, 72.8% of the total issued rights were exercised by shareholders, resulting in the issuance of 13.2 million shares and raising $48.5 million. The remaining stock acquisition rights were transferred to MMXX Ventures Limited, its CEO Simon Gerovich, and EVO Fund. The total capital raised, including the transfers, amounts to $66 million.

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