PlayWay S.A. increased the share capital of its subsidiary Moonlit Sp. z o.o. by 371,400 PLN, raising the total capital from 28,600 PLN to 400,000 PLN.
The capital injection involved the issuance of 3,714 new shares with a nominal value of 100 PLN each, fully subscribed by existing shareholders via cash contributions.
PlayWay S.A. maintained its 30% ownership stake in Moonlit following the proportional distribution of the new shares.
The primary objective of the funding is to support the development of two specific video game projects: The Final Frontier and POK.
The capital increase was formally authorized by an Extraordinary General Meeting of Shareholders held on August 17, 2017.
The transaction serves to bolster Moonlit's liquidity and operational growth as part of PlayWay's broader development pipeline strategy.
PlayWay S.A. has announced a significant capital increase within its subsidiary, Moonlit Sp. z o.o., based in Krakow. Following a resolution passed by the Extraordinary General Meeting of Shareholders on August 17, 2017, the share capital of Moonlit was raised from 28,600 PLN to 400,000 PLN. This expansion involved the creation of 3,714 new shares, each carrying a nominal value of 100 PLN, resulting in a total capital increase of 371,400 PLN.
The new shares were fully subscribed to by existing shareholders in proportion to their current holdings and were covered entirely by cash contributions. As a result of this proportional increase, PlayWay S.A. maintains its 30% ownership stake in Moonlit. This financial restructuring ensures that the ownership distribution remains stable while significantly bolstering the subsidiary's available liquidity.
The primary objective of this capital injection is to fund the ongoing development and operational growth of Moonlit. Specifically, the newly acquired funds are earmarked for the completion of two major video game projects: The Final Frontier and POK. This strategic investment highlights PlayWay’s commitment to its development pipeline and its focus on bringing specific titles to market through its subsidiary network. The transaction was disclosed in accordance with market abuse regulations regarding inside information, reflecting standard corporate governance for publicly traded entities in the Polish gaming sector.
