LegalPlayWay
Raport Bieżący Nr 13/2018: Zakończenie Subskrypcji Prywatnej Akcji w CreativeForge Games S.A.
6 Mar 20181 pages~1 min full read
CreativeForge Games S.A. raised over 8 million PLN through a private subscription of Series K shares in March 2018.
The capital injection resulted in a post-money valuation of approximately 32 million PLN for the studio.
Twenty-one institutional and individual investors acquired a 25% stake in the company’s post-increase share capital at a price of 12 PLN per share.
The funds are primarily allocated to the development of the studio's next major title, following the finalization of the game Phantom Doctrine.
At the time of the transaction, CreativeForge Games operated as a subsidiary of PlayWay S.A.
The issuance was executed via a private subscription framework under the Commercial Companies Code, targeting specific entities rather than a public offering.
The successful completion of a private subscription for Series K shares in CreativeForge Games S.A. marks a significant capital expansion for the Warsaw-based developer. This funding round, finalized in March 2018, involved 21 institutional and individual investors who acquired a 25% stake in the company’s post-increase share capital. The shares were issued at a price of 12 PLN each, resulting in a total investment exceeding 8 million PLN and establishing a post-money valuation for the studio at approximately 32 million PLN.
The capital injection is primarily earmarked for the development of the studio's next major title. At the time of the transaction, CreativeForge Games was operating as a subsidiary of PlayWay S.A. and was in the final stages of developing Phantom Doctrine, with a scheduled release window set for the first half of 2018. This financial milestone reflects the studio's transition toward scaling its production capabilities following its previous industry contributions.
The issuance was conducted under the private subscription framework of the Commercial Companies Code, involving direct offers to specific entities rather than a public offering. This strategic move strengthens the financial position of the developer within the Polish gaming sector during a critical period of product delivery and future project planning. The transaction underscores the ongoing investment interest in mid-sized European development studios capable of producing high-fidelity strategy and tactical titles for a global market.
