Metaplanet Inc. (3350) rose 5.7% on Wednesday after the Tokyo-based company said it plans to sell shares to foreign investors, provided updates on recent capital actions and said it will temporarily suspend warrant exercises.

The company plans to issue up to 555 million new Tokyo-traded shares through an international offering, subject to shareholder approval at an extraordinary general meeting on Sept. 1, it said in a post on X.

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Author: James Van Straten

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