Metaplanet conducts 10-for-1 stock split to increase market access, total shares issued rises to 391.6 million

Odaily Planet Daily News: Japanese listed company Metaplanet announced a 10-to-1 stock split, which will take effect on April 1, 2025, to reduce per-share transaction costs and improve market liquidity. The decision was made after a sharp rise in Metaplanet's share price, which increased the minimum investment cost for retail investors. The stock split will apply to shareholders who have completed registration as of March 31, and each existing share will be converted into ten new shares, which will increase the total number of issued shares from approximately 39.1 million shares to 391.6 million shares. The company said the move is aimed at reducing investor unit prices to increase market participation.