Metaplanet's US deal is an investment that becomes control. Super League (Nasdaq: SLE) shareholders approved the Metaplanet transaction, share and warrant issuance and rebrand to Superplanet WuBlockchain post.

Metaplanet's US deal is an investment that becomes control. Super League (Nasdaq: SLE) shareholders approved the Metaplanet transaction, share and warrant issuance and rebrand to Superplanet WuBlockchain post.

At close Metaplanet contributes 2,100 BTC plus $2.5M cash for 44.86M common shares, 100 shares of Strategic Alliance Preferred and warrants for up to about $3.4B in potential equity capital, owning about 93.7% of common based on about 3.0M SLE shares outstanding Sept 29, with a five year lock-up Dylan LeClair post.

The preferred has no dividend or liquidation preference, it is governance: Metaplanet consent needed for charter changes, mergers/control changes and board majority designation, plus a 24 month right to buy up to $210M Junior Liquidity Support Preferred at SOFR + 4.00%, junior to any senior preferred Dylan LeClair post.

Strategy is to grow BTC per share mainly via senior non-convertible perpetual preferred rather than debt Dylan LeClair post.

CEO Simon Gerovich frames Superplanet on close as Metaplanet's US listed Bitcoin treasury platform for direct US market access, paired with Metaplanet Securities in Japan Gerovich post.

CoinDesk puts expected close in Q4 2026 trading as $SUPA CoinDesk post.

The 8-K confirming the Oct 16 vote is filed as SEC 8-K for Super League Enterprise, Inc. (CIK 1621672). Deal has not closed yet, so BTC transfer and final share count are still pending.