Metaplanet Inc. Executes Early Loan Repayment, Aligns Fund Use
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Metaplanet Inc. Executes Early Loan Repayment, Aligns Fund Use

Metaplanet KK (JP:3350) has released an update.

Metaplanet Inc. has announced the early repayment of a 1 billion yen loan from MMXX Ventures Limited, funded through proceeds received from the exercise of stock acquisition rights. The repayment aligns with terms allowing MMXX to request early loan repayment if Metaplanet raised additional funds, which occurred following their gratis stock acquisition rights allotment. The funds from this loan had initially been used to purchase Bitcoin, and following repayment, MMXX will exercise their stock acquisition rights, keeping the use of funds consistent with prior disclosures.

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