- 01
PCF Group S.A. finalized a settlement with OÜ Blite Fund on August 21, 2023, to resolve all outstanding financial obligations from the December 2021 acquisition of Incuvo S.A.
- 02
The settlement requires PCF Group to pay an additional 2,050,000 PLN to increase the total purchase price for 7,143,900 shares of Incuvo S.A.
- 03
PCF Group recognized the full 2,050,000 PLN payment in its financial results for the second quarter of 2023.
- 04
This agreement serves as a comprehensive release of all mutual claims between the two parties regarding the original share purchase agreement.
- 05
The payment concludes the legal and financial reconciliation process for the acquisition, which was originally intended to facilitate PCF Group's expansion into the virtual reality sector.