Metaplanet, listed on the Tokyo Stock Exchange Standard Exchange, announced on the 18th that it had resolved at its board of directors meeting to split its shares. The base date will be March 31st of this year, and the split will be at a ratio of 10 shares for every 10 shares.
Metaplanet reversed its stock split last August, splitting 10 shares into 1 share. However, since then, the stock price has risen significantly, and the minimum amount required to trade Metaplanet's shares is now over 500,000 yen. Therefore, through this stock split, the burden on investors will be reduced, the liquidity of the stock will be improved, and the investor base will be expanded.
The exercise price of the stock acquisition rights from April 1st onwards will be adjusted from 5,555 yen to 556 yen. In addition, the minimum exercise price will be changed from 2,555 yen to 256 yen.
There will be no change in Metaplanet's capital as a result of the stock split. The official increase in the total number of shares that can be issued will be decided at the annual general meeting of shareholders scheduled to be held on the 24th of next month. The rights standards for the shareholder benefits system will be maintained as they are, but details will be announced as soon as they are decided.
Metaplanet launched an investment strategy for Bitcoin (BTC) last year, which led to a significant rise in its stock price. According to sources such as the Nihon Keizai Shimbun, Metaplanet had the highest stock price increase rate on the Tokyo Stock Exchange Standard Market last year.
![[NEWS] Metaplanet announces stock split in an effort to expand investor base](/_next/image?url=https%3A%2F%2Fimages.microcms-assets.io%2Fassets%2F7819a9cf917e4bcd862bfa2ff5f14d24%2F3d45f274641e4703a1db05f4c735bec0%2FShutterstock_790999915.jpg%3Ffm%3Dwebp&w=3840&q=75)
