Metaplanet delays preferred share listing amid challenging Japanese market structure

CEO Simon Gerovich says regulatory and infrastructure challenges are slowing the launch of Metaplanet's perpetual preferred share. What to know : Metaplanet CEO, Simon Gerovich, said Japan’s limited preferred equity market and exchange rules requiring stable recurring cash flows have delayed its planned Mars and Mercury preferred share listings. Gerovich said the company’s proposal to pay monthly dividends is unusual in Japan’s market, where payouts are typically annual or semiannual. Metaplanet shares are down 25% year to date.(Coindesk)