Metaplanet cuts Series 10 stock acquisition rights by 41% after shareholder backlash
Metaplanet reduced the shares issuable under its 10th Series Stock Acquisition Rights from 696 to 410 per right, cutting total potential issuance from 319.464 million to 188.190 million shares (a 41.1% reduction), and further amended employee stock acquisition rights to cut remaining potential shares from 236.64 million to 105.37 million. CEO Simon Gerovich said the changes align Bitcoin treasury growth with shareholder value after shareholder criticism.
Detected & updated continuously · Source: Nebula
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@AdamBLiv
Metaplanet is cutting the shares issuable under its 10th Series Stock Acquisition Rights from 696 shares per right to 410. That reduces the total potential issuance from 319.464 million shares to 188.190 million, a 41.1% reduction. Even more important for shareholders: some
@BitcoinNewsCom
METAPLANET CANCELS 41% OF SERIES 10 WARRANT SHARES AFTER SHAREHOLDER PUSHBACK Metaplanet CEO Simon Gerovich announced major changes to the company’s executive incentive structure, saying its governance and compensation practices must evolve as the Bitcoin treasury company
@TheMoonShow
Metaplanet has walked back its 10th Series option policy after shareholder backlash. Potential executive stock rights: 319.5M → 188.2M shares. That means fully diluted BPS increases by 8.8%. Shareholders pushed back. Management listened. 🟠 https://t.co/ZElywh7twS
@BitcoinArchive
BREAKING: 🇯🇵 Japan's Metaplanet slashes executive shares after backlash • CEO already claimed 64M shares • 105M options cut, wiping out $220M • Remaining options unlocked 2029-2031 https://t.co/dVmIIJpDkv
@BTCtreasuries
JUST IN: Metaplanet $MPJPY just reversed its 10th Series option policy, cutting executive stock rights from 319.5 million (20%) potential shares to 188.2 million, following shareholder backlash. Remaining unissued rights are 105.4 million shares, 7.8% of the company. This https://t.co/obAQBVDzAm
@TU_Crypto_News
Richard Byworth says Metaplanet’s board rolled back 41% of its Series 10 shares after he urged a fix ahead of the international offering. The board has now acted.
@TheBlockCo
THE BLOCK: Metaplanet is walking back a major chunk of its executive compensation plan following shareholder criticism, cutting 131 million potential shares from its Series 10 options. The bitcoin treasury firm will also delay unvested exercises until 2029–31 and abandon a https://t.co/nlNOeqFveh
@beincrypto_es
Metaplanet recorta en 41% las acciones internas de la Serie 10 tras críticas globales. El CEO Gerovich dice que el nuevo plan alinea el crecimiento de la tesorería de BTC en dólares con el valor para los accionistas.