ReportPCF Group
Current Report No. 23/2025: Commencement of Book Building Process
6 pages~17 min full read
PCF Group S.A. has initiated a book-building process to issue up to 6,670,000 Series H ordinary bearer shares to raise approximately 20 million PLN.
See it on page 1The capital raise is intended to stabilize short-term financial liquidity and provide working capital to support the company’s work-for-hire business model.
See it on page 2President and significant shareholder Sebastian Wojciechowski has committed to purchasing up to 5 million PLN worth of the new shares, provided his allocation does not exceed 50% of the total issuance.
See it on page 2Trigon Dom Maklerski S.A. and Trigon Investment Banking are managing the subscription process, which is restricted to qualified investors in permissible jurisdictions excluding the U.S., Australia, Canada, Japan, and South Africa.
See it on page 1The offering is exempt from prospectus requirements and follows management board resolutions adopted on August 6, 2025, with a preference date for existing shareholders set for July 31, 2025.
See it on page 4Existing company shares remain subject to lock-up agreements that extend through December 31, 2027, with provisions for future long-term incentive programs.
See it on page 2PCF Group S.A., a Warsaw-based entity, has officially initiated a book-building process for the issuance of up to 6,670,000 Series H ordinary bearer shares. The primary objective of this capital raise is to secure approximately 20 million PLN to stabilize the company’s short-term financial liquidity and provide necessary working capital. These funds are intended to support the ongoing execution of contracts within the company’s work-for-hire business model, facilitating a predictable and orderly scaling of operations while maintaining cost discipline to restore operational profitability.
The offering process is being conducted in accordance with resolutions adopted by the company’s management board on August 6, 2025, with Trigon Dom Maklerski S.A. and Trigon Investment Banking serving as the lead entities for the subscription. To support the offering, the company has established July 31, 2025, as the preference date for existing shareholders. Additionally, Sebastian Wojciechowski, the company’s President and a significant shareholder, has declared an intention to participate in the book-building process and subsequent offering, committing to acquire Series H shares for up to 5 million PLN, provided his allocation does not exceed 50% of the total shares issued in this offering.
The scope of this offering is restricted to jurisdictions where such activity is legally permissible, specifically excluding the United States, Australia, Canada, Japan, and South Africa. The shares are being offered exclusively to qualified investors in compliance with relevant European Union and local regulations, and no prospectus is required for this issuance. The company remains subject to existing lock-up agreements regarding its shares, which extend through December 31, 2027, with specific provisions for future long-term incentive programs involving call options.
