Super League shareholders approve Metaplanet Bitcoin treasury partnership
Investors approved proposals enabling Metaplanet to inject 2,100 Bitcoin and cash into a US-listed operating structure.
Shareholders of Super League Enterprise approved transaction proposals at their annual meeting on October 16, advancing a plan to form a US-listed Bitcoin treasury company in partnership with Metaplanet.
Under the framework, Metaplanet's American arm is scheduled to transfer 2,100 Bitcoin and $2.5 million in cash into Super League. Upon final closing, the Nasdaq-listed entity plans to rebrand as Superplanet and trade under the ticker SUPA, combining the treasury vehicle with Super League's existing media and advertising units.
The vote represents a procedural step toward finalizing the transaction, which remains subject to Nasdaq listing requirements and regulatory filings targeted for the fourth quarter. The 2,100 BTC has not yet been added to the corporate balance sheet, and final details regarding equity allocation and risk management remain to be completed.
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