According to

TechFlame, on August 1, Simon Gerovich, CEO of the Japanese listed company Metaplanet, announced in an article on the X platform that the company has submitted a suspended registration statement to regulators and plans to issue up to 555 billion yen of perpetual preferred shares. (TechFlame note: Suspended registration is a special underwriting mechanism used in the field of securities issuance. Its core feature is to allow issuers to issue securities in stages according to market demand after obtaining registration

approval.)