Super League shareholders approved on October 16 the proposals related to Metaplanet’s plan to contribute 2,100 BTC and cash to a new US-listed Bitcoin treasury platform. Metaplanet’s US subsidiary would contribute 2,100 bitcoin and $2.5 million to Super League, a Nasdaq-listed company expected to change its name to Superplanet with ticker SUPA. This vote represents a procedural step in this unusual cross-border deal, but closing remains subject to regulatory requirements, Nasdaq conditions and other customary closing conditions with a Q4 target. The transaction has not yet closed and investors will need to monitor ownership allocation, additional capital-raising mechanisms and the potential impact on the risk profile of a Bitcoin-heavy public company.
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