TOKYO, Apr 24 (Pulse News Wire) – Metaplanet Inc. (3350.T) announced today that its CEO Simon Gerovich has decided to issue the 20th series of ordinary bonds (hereinafter referred to as "the bond") to EVO FUND (hereinafter referred to as "bondholder").
The total amount of the bond issuance is expected to be used for purchasing Bitcoin. The key details of the bond are as follows: - Total amount: $2 billion - Individual bond amount: $100 million - Interest rate: None - Repayment amount per bond: $100 million - Payment due date: April 24, 2026 - Scheduled repayment date: April 23, 2027 - Prepayment option: Bondholders can request prepayment five business days prior to the scheduled repayment date or through mutual agreement with the company. No guarantees or collateral are attached to the bond.
The entire amount will be allocated to EVO FUND. In the future, if additional funding rounds involving bondholders result in cumulative payments exceeding the bond's principal amount, the company reserves the right to prepay the corresponding number of bonds based on mutual agreement. Regarding the impact on the company’s performance, Metaplanet expects the issuance to have a minor effect on its fiscal year ending December 2026.
Any significant changes will be promptly disclosed.
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