Updated Mar 23, 2026 by PCF Group
PCF Group S.A. established a new subsidiary, People Can Fly Chicago, LLC, on 6 April 2021 to facilitate the acquisition of the Phosphor Games development team.
The acquisition of the Phosphor Games team was finalized on 23 April 2021, following the formation of the Delaware-based subsidiary.
PCF Group delayed the public disclosure of the subsidiary's creation under Article 17(4) of the EU Market Abuse Regulation to protect ongoing negotiations and market value.
The company maintained strict confidentiality regarding the transaction by managing a monitored insider list in compliance with Article 18 of the EU Market Abuse Regulation.
The establishment of People Can Fly Chicago, LLC served as an intermediate strategic step rather than a guarantee of the successful acquisition of the Phosphor Games team.
PCF Group is required to notify the Polish Financial Supervision Authority regarding the justification for the delayed disclosure of this corporate action.
PCF Group S.A. established a new subsidiary, People Can Fly Chicago, LLC, on 6 April 2021 to facilitate the acquisition of the Phosphor Games development team.
The acquisition of the Phosphor Games team was finalized on 23 April 2021, following the formation of the Delaware-based subsidiary.
PCF Group delayed the public disclosure of the subsidiary's creation under Article 17(4) of the EU Market Abuse Regulation to protect ongoing negotiations and market value.
The company maintained strict confidentiality regarding the transaction by managing a monitored insider list in compliance with Article 18 of the EU Market Abuse Regulation.
The establishment of People Can Fly Chicago, LLC served as an intermediate strategic step rather than a guarantee of the successful acquisition of the Phosphor Games team.
PCF Group is required to notify the Polish Financial Supervision Authority regarding the justification for the delayed disclosure of this corporate action.