- 01
11 bit studios S.A. successfully concluded a private placement of Series D ordinary shares on December 23, 2011, raising capital through the issuance of 40,938 shares.
- 02
The shares were issued at a price of 9.00 PLN per share, significantly above the nominal value of 0.10 PLN, with the total issuance falling well below the authorized limit of 500,000 shares.
- 03
The private subscription process involved 10 participating investors out of 64 initially targeted, with no pre-emptive rights granted to existing shareholders.
- 04
Total costs associated with the Series D issuance amounted to 46,722 PLN, comprising 41,722 PLN for preparation and notary fees and 5,000 PLN for advisory services.
- 05
The company incurred no costs for underwriting or promotion during this capital-raising exercise.
- 06
In accordance with Polish accounting regulations, issuance costs are recorded as prepayments to be settled against supplementary capital following the formal registration of the capital increase.