TechFlow news — On March 4, according to an announcement by Metaplanet Inc., the company completed full exercise of its Series 13 stock purchase warrants on March 3 and substantially exercised its Series 14 warrants. Both series of warrants were issued on February 17, 2025, through a third-party private placement to EVO FUND. The exercise rate for the Series 13 warrants was 71.6%, resulting in the issuance of 3,009,000 shares; the exercise rate for the Series 14 warrants was 21.6%, resulting in the issuance of 907,000 shares. The exercise price for both series was 3,310 JPY per share.
Additionally, the company has prematurely redeemed its Series 7 unsecured bonds originally issued on February 27, 2025, with a total principal amount of 2 billion JPY, which had a scheduled maturity date of August 26, 2025. The combined proceeds from the warrant exercises and early bond redemption amount to approximately 12.95 billion JPY. The use of funds will follow the "Notice on Change of Use of Proceeds" issued by the company on February 27, 2024.
