Updated Mar 21, 2026 by PCF Group
PCF Group S.A. increased its ownership stake in Incuvo S.A. from 50.01% to approximately 62.25% through a share swap agreement finalized on January 27, 2023.
The transaction involved PCF Group issuing 136,104 new Series E shares, valued at approximately 6.28 million PLN, in exchange for 1,748,878 shares of Incuvo S.A. held by its executives.
The newly issued PCF Group shares represent roughly 0.45% of the company's total share capital and voting rights.
The share swap valuation was based on the six-month volume-weighted average price for both companies as of November 30, 2022, with Incuvo’s valuation verified by an independent auditor.
PCF Group intends to use this increased control to diversify into the virtual reality (VR) market and facilitate the transition of its existing intellectual properties into VR environments.
To ensure long-term alignment, the executives involved in the swap are subject to a lock-up agreement on their new PCF Group shares that remains in effect until the end of December 2024.
PCF Group S.A. increased its ownership stake in Incuvo S.A. from 50.01% to approximately 62.25% through a share swap agreement finalized on January 27, 2023.
The transaction involved PCF Group issuing 136,104 new Series E shares, valued at approximately 6.28 million PLN, in exchange for 1,748,878 shares of Incuvo S.A. held by its executives.
The newly issued PCF Group shares represent roughly 0.45% of the company's total share capital and voting rights.
The share swap valuation was based on the six-month volume-weighted average price for both companies as of November 30, 2022, with Incuvo’s valuation verified by an independent auditor.
PCF Group intends to use this increased control to diversify into the virtual reality (VR) market and facilitate the transition of its existing intellectual properties into VR environments.
To ensure long-term alignment, the executives involved in the swap are subject to a lock-up agreement on their new PCF Group shares that remains in effect until the end of December 2024.