Updated Mar 21, 2026 by PCF Group
Square Enix acquired its fourth tranche of 90,000 subscription warrants in PCF Group S.A. on June 30, 2022, at an issue price of 50 PLN per share.
The issuance was triggered after PCF Group’s revenue from agreements with Square Enix surpassed the 180 million PLN threshold.
Square Enix now holds a total of 360,000 warrants, which equates to approximately 1.2% of PCF Group’s total share capital and voting rights.
Square Enix has the right to convert these warrants into Series C ordinary shares at any time until the December 31, 2025, deadline.
The current transaction is part of a broader August 2021 investment agreement that allows for a maximum of six warrant tranches.
If Square Enix exercises all six potential tranches, its total stake in the Polish developer is projected to reach approximately 1.8% of the share capital.
Square Enix acquired its fourth tranche of 90,000 subscription warrants in PCF Group S.A. on June 30, 2022, at an issue price of 50 PLN per share.
The issuance was triggered after PCF Group’s revenue from agreements with Square Enix surpassed the 180 million PLN threshold.
Square Enix now holds a total of 360,000 warrants, which equates to approximately 1.2% of PCF Group’s total share capital and voting rights.
Square Enix has the right to convert these warrants into Series C ordinary shares at any time until the December 31, 2025, deadline.
The current transaction is part of a broader August 2021 investment agreement that allows for a maximum of six warrant tranches.
If Square Enix exercises all six potential tranches, its total stake in the Polish developer is projected to reach approximately 1.8% of the share capital.