In accordance with Coindesk, Metaplanet has unveiled a new two-tier preferred share structure, including its Class A preferred shares known as MARS and Class B perpetual preferred equity called Mercury. MARS is a senior, non-dilutive preferred equity instrument with adjustable monthly dividends, while Mercury offers a fixed annual dividend of 4.9% and a conversion option into common shares. The Mercury issuance raised approximately $150 million from institutional investors. The company also announced an extraordinary general meeting to approve capital adjustments and simplify its capital structure ahead of the preferred equity launch.
Metaplanet Launches $150M Perpetual Preferred Equity Offering with Bitcoin-Backed Structure
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