Metaplanet Inc. to issue USD 21m in bonds

Metaplanet Inc. (TSE:3350) announced the issuance of its 17th Series of Ordinary Bonds to EVO FUND, totaling USD 21 million. The decision, made by the Board of Directors on May 29, 2025, aims to allocate the entire issuance to EVO FUND, with the proceeds specifically earmarked for the purchase of Bitcoin. The bonds, with a face value of USD 525,000 each, will bear no interest and are scheduled for redemption on November 28, 2025, at USD 1 per USD 1 of face value. EVO FUND has the option for early redemption under certain conditions, including a five-day prior written notice. Furthermore, if the Bondholder participates in future fundraisings, the Company may redeem a corresponding multiple of Bonds. No bond administrator will be appointed. Metaplanet anticipates a minimal impact on its consolidated financial results for the fiscal year ending December 2025.