Shareholders of Super League Enterprise, Inc. voted to approve proposals related to an investment by Japanese firm Metaplanet during the company’s 2026 annual meeting. The approval clears a necessary step for Metaplanet to acquire approximately 96% of the Nasdaq-listed entity through a transaction involving Bitcoin and cash.
Following the vote, Super League is set to be renamed Superplanet, Inc. and will serve as Metaplanet’s U.S.-listed Bitcoin treasury vehicle. The deal includes specific share issuances and structural changes, with closing anticipated in the fourth quarter of 2026 subject to customary conditions.
Key facts
- Shareholder vote passed at 2026 annual meeting
- Deal value: 2,100 BTC + $2.5M cash for ~96% stake
- Company will be renamed Superplanet, Inc. and trade under ticker SUPA
- Metaplanet will contribute assets through its wholly owned U.S. subsidiary
- Closing is anticipated in the fourth quarter of 2026
- Authorized preferred shares will increase from 10 million to 100 million
Why it matters
The shareholder approvals represent a required step but not the final one, as closing remains subject to customary closing conditions including required filings with the Nasdaq Capital Market.