Sonka S.A., a subsidiary of PlayWay S.A., is raising approximately 2 million PLN through a private subscription of up to 450,000 new Series C bearer shares.
The capital increase involves shares with a nominal value of 0.10 PLN each, totaling a maximum nominal value of 45,000 PLN.
Sonka S.A. plans to apply for the listing of its shares on the NewConnect Alternative Trading System in the first half of 2019.
The primary objective of the funding is to provide liquidity and support the studio's development within the competitive game industry.
The final issue price for the Series C shares will be determined at the discretion of the Sonka S.A. management board.
The resolution for the capital increase was formally authorized during an Extraordinary General Meeting held on November 16, 2018.
The management of PlayWay S.A. announced a significant corporate action regarding its subsidiary, Sonka S.A., following an Extraordinary General Meeting held on November 16, 2018. The resolution authorizes an increase in Sonka’s share capital through the issuance of Series C bearer shares. This issuance is structured as a private subscription under the Polish Commercial Companies Code, targeting specific investors rather than the general public. The scope of the capital increase involves the issuance of up to 450,000 shares with a nominal value of 0.10 PLN each, representing a maximum total nominal value of 45,000 PLN.
The primary objective of this capital raise is to secure approximately 2 million PLN in funding to support the dynamic development of the studio. While the nominal value is fixed, the final issue price remains at the discretion of Sonka’s management board. This strategic move is intended to bring in new shareholders and provide the necessary liquidity for growth within the competitive game development sector.
Looking ahead, the capital increase serves as a precursor to broader market integration. Sonka S.A. intends to file an application in the first half of 2019 to introduce its shares to the NewConnect Alternative Trading System. This transition to a public listing on the Warsaw Stock Exchange’s junior market highlights the company's trajectory toward increased transparency and institutional investment. The announcement, issued under market abuse regulations, underscores the ongoing expansion of PlayWay’s portfolio companies within the Polish gaming industry.
