TOKYO, Mar 16 (Pulse News Wire) – Metaplanet Inc. (3350.T) announced today that it has decided to halt the exercise of its 23rd and 24th warrants (with price adjustment clauses and suspension provisions) issued to EVO FUND on December 8, 2025.
According to the repurchase agreement signed with EVO FUND, the company notified EVOLUTION JAPAN Securities Co., Ltd. to suspend the exercise of all remaining warrants effective March 24, 2026, through December 8, 2027, covering a period of 418 trading days. As of March 16, 2026, there are 105,000,000 shares corresponding to 1,000,000 units of the 23rd warrant and another 1,000,000 units of the 24th warrant outstanding and unexercised. The decision to suspend the exercise of these warrants was made considering the potential impact on stock supply and demand in the market, ensuring a more balanced approach during the current market conditions.
Additionally, the company resolved to issue the 27th warrants (with price adjustment clauses, mNAV clause, lower limit price adjustment clause, and suspension provisions). In light of the anticipated additional share issuance, Metaplanet believes suspending the exercise of existing warrants is prudent to avoid excessive market impact. Once the exercise of all 27th warrants is completed, the company plans to reassess and potentially resume the exercise of some or all of the suspended warrants based on prevailing market conditions. Any changes will be promptly disclosed.
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