- 01
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.
- 02
The issuance was triggered after PCF Group’s revenue from agreements with Square Enix surpassed the 180 million PLN threshold.
- 03
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.
- 04
Square Enix has the right to convert these warrants into Series C ordinary shares at any time until the December 31, 2025, deadline.
- 05
The current transaction is part of a broader August 2021 investment agreement that allows for a maximum of six warrant tranches.
- 06
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.