Key Insights Metaplanet disclosed on November 20 the issuance of 23.61 million MERCURY shares at ¥900 per share, generating approximately ¥21.25 billion in gross proceeds. The company positioned the instrument as a pre-IPO financing round, with payments scheduled for December 29. MERCURY represented Metaplanet's second layer in a restructured capital stack that placed MARS senior [...]The post Does Metaplanet Preferred Equity MERCURY Pose a Threat to the Company? appeared first on The Coin Republic.