Metaplanet to Take Control of a US-Listed Company with 2,100 Bitcoin

Metaplanet, a listed company in Japan, has agreed to a transaction in which it will provide 2,100 bitcoin and $2.5 million in cash to take control of Super League Enterprise, a company listed on the Nasdaq in the United States. Including the value of the bitcoin, the transaction is valued at approximately $134.6 million. Super League filed disclosure of the transaction and preliminary shareholder meeting materials with the US Securities and Exchange Commission (SEC) on August 18, US local time. Once the transaction closes, Metaplanet will hold roughly 95.7% of the shares and will nominate five of the nine board seats, and Super League will be incorporated as an indirect consolidated subsidiary of its Japanese parent, Metaplanet Inc. The company name is to change to Superplanet, Inc., and the ticker is to change from SLE to SUPA. Metaplanet will also receive warrants, the right to purchase up to an additional 381 million new Super League shares at a predetermined price over the next ten years. Immediately after the transaction, the combined stake of existing shareholders falls to about 4.3%, and assuming all warrants are exercised and the new shares are issued, it could fall to about 0.5%. Closing is expected in the fourth quarter of 2026, but several conditions remain, including approval of the new share issuance and the required Nasdaq filings, so neither the transfer of control nor the transfer of the bitcoin has been completed yet.