CryptoCoinDeskabout 1 hour ago
Metaplanet Directors Defend Executive Payout Plan
4 min read
Metaplanet's independent directors defended a stock rights scheme on Sept. 29 after shareholder protests over dilution. The company cut the potential share pool by 41% to 188.2 million on Sept. 11, extinguishing over $220 million in warrant value. CEO Simon Gerovich, the only director holding the rights, received 64 million shares in August. The letter left questions about MMXX Ventures unanswered.
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