Super League Enterprise, a U.S. Nasdaq-listed company expected to come under Metaplanet, disclosed in materials for its shareholders’ meeting a plan to grant stock compensation worth a total of $15.1 million to 3 officers and employees.
Super League Enterprise, which Metaplanet plans to acquire, is planning stock compensation worth a total of $15.1 million for its CEO, CFO and 1 employee. The covered stock totals 5 million shares.
The allocation comprises 2.5 million shares for the CEO and 1.25 million shares each for the CFO and employee. Based on the closing price of $3.02 on 17 August, the CEO’s allocation is estimated at approximately $7.55 million, while the allocations for the other 2 individuals are each approximately $3.775 million.
The compensation is to be granted through a combination of stock options and RSUs. Shareholders approved amendments to the stock compensation plan at a meeting on 19 October, but individual grants require separate approval by the board of directors. Following the acquisition, the company plans to change its name to Superplanet and develop bitcoin holdings and financing businesses in the United States.