Metaplanet CEO Addresses Equity Incentive and MMXX Controversy

Metaplanet CEO Simon Gerovich responded to controversies regarding the company's equity incentive plan and its relationship with shareholder MMXX Ventures. Gerovich acknowledged a lack of transparency regarding the Series 10 stock subscription rights and clarified that while he is a significant shareholder in the parent company of MMXX, he does not participate in its trading decisions. The incentive pool, previously linked to company dilution, was fixed at 319 million shares with a five-year lock-up period in August.