According to Metaplanet Inc., the company announced the establishment of a secured primary American Depositary Receipt (ADR) program, with Deutsche Bank Trust Company Americas serving as the depositary bank. The company’s ADR trading is expected to become effective in the United States on December 19, 2025 (Eastern Time). According to the announcement, this move aims to enhance accessibility and transparency for global investors and meet the demand from U.S. investors for more efficient direct participation in the company’s equity. The ADR will be denominated in US dollars and traded through U.S. securities trading infrastructure, reducing transaction costs and improving settlement efficiency. Project details show that the ADR is in a 1:1 ratio with ordinary shares, with CUSIP number 59141L109 and trading code MPJPY, and will be traded on the over-the-counter (OTC) market in the United States. The company emphasizes that this ADR program is not for financing purposes and will not affect the total number of issued common or preferred shares.