Updated Mar 23, 2026 by PCF Group
PCF Group S.A. acquired 100% of Montreal-based animation and audio studio Game On Creative, Inc. for PLN 29,369,385.59 on April 27, 2021.
The acquisition includes a performance-based earn-out provision granting the seller 5% of Game On’s EBITDA for the 2021–2025 fiscal years if specific thresholds are met.
PCF financed the purchase by issuing 387,714 Series D shares at PLN 75.75 per share, representing approximately 1.29% of the company's total capital.
The issued shares are subject to a staggered lock-up period ending in December 2024, with 85% of the shares restricted and 30% pledged to secure potential claims.
Samuel Girardin will join People Can Fly Canada, Inc. in a leadership capacity to support PCF’s strategy of scaling animation and audio production for multi-project development.
The agreement includes non-competition clauses for the seller and beneficiary, alongside a conditional call option allowing the seller to reacquire shares if the capital increase registration is delayed.
PCF Group S.A. acquired 100% of Montreal-based animation and audio studio Game On Creative, Inc. for PLN 29,369,385.59 on April 27, 2021.
The acquisition includes a performance-based earn-out provision granting the seller 5% of Game On’s EBITDA for the 2021–2025 fiscal years if specific thresholds are met.
PCF financed the purchase by issuing 387,714 Series D shares at PLN 75.75 per share, representing approximately 1.29% of the company's total capital.
The issued shares are subject to a staggered lock-up period ending in December 2024, with 85% of the shares restricted and 30% pledged to secure potential claims.
Samuel Girardin will join People Can Fly Canada, Inc. in a leadership capacity to support PCF’s strategy of scaling animation and audio production for multi-project development.
The agreement includes non-competition clauses for the seller and beneficiary, alongside a conditional call option allowing the seller to reacquire shares if the capital increase registration is delayed.