Updated Mar 17, 2026 by PCF Group
PCF Group S.A. issued 387,714 Series D shares to acquire the Montreal-based animation and audio studio Game On Creative, Inc.
The shares were issued via private subscription to Fiducie Familiale Samuel Girardin 2020, a trust linked to the CEO of the acquired studio, to secure his role as Studio Head at People Can Fly Canada.
The transaction was valued at approximately 29.4 million PLN, with an issue price of 75.75 PLN per share based on the 30-day volume-weighted average price on the Warsaw Stock Exchange.
To ensure long-term alignment, 70% of the newly issued shares are subject to a lock-up agreement that remains in effect until the end of 2024.
The Management Board excluded existing shareholders' preemptive rights to facilitate the acquisition and support the company's strategic expansion into the North American market.
Capital raised from this issuance is designated for further growth, specifically for acquiring new development teams or establishing additional production studios.
PCF Group S.A. issued 387,714 Series D shares to acquire the Montreal-based animation and audio studio Game On Creative, Inc.
The shares were issued via private subscription to Fiducie Familiale Samuel Girardin 2020, a trust linked to the CEO of the acquired studio, to secure his role as Studio Head at People Can Fly Canada.
The transaction was valued at approximately 29.4 million PLN, with an issue price of 75.75 PLN per share based on the 30-day volume-weighted average price on the Warsaw Stock Exchange.
To ensure long-term alignment, 70% of the newly issued shares are subject to a lock-up agreement that remains in effect until the end of 2024.
The Management Board excluded existing shareholders' preemptive rights to facilitate the acquisition and support the company's strategic expansion into the North American market.
Capital raised from this issuance is designated for further growth, specifically for acquiring new development teams or establishing additional production studios.