Updated Mar 17, 2026 by PCF Group
People Can Fly parent company PCF Group S.A. authorized a capital increase of up to 2,510,904 new Series G shares to raise at least 100.9 million PLN.
The capital raise is intended to fund the company's 2023 growth strategy, specifically targeting self-publishing, Game-as-a-Service (GaaS) models, and development of projects including Project Dagger, Bifrost, and Victoria.
To accelerate the funding process, shareholders voted to waive pre-emptive rights in favor of a private subscription and book-building process aimed at institutional and qualified investors.
This issuance serves to bridge a funding gap following a June 2023 Series F offering that raised 134.4 million PLN, falling short of the company's previous target.
The resolution passed with 86.28% shareholder participation, with 28,838,521 votes in favor and zero against, authorizing the Board to finalize the issue price within six months.
While pre-emptive rights were excluded, the agreement includes a provision allowing existing shareholders who hold at least 0.25% of the company’s votes to maintain their proportional ownership.
People Can Fly parent company PCF Group S.A. authorized a capital increase of up to 2,510,904 new Series G shares to raise at least 100.9 million PLN.
The capital raise is intended to fund the company's 2023 growth strategy, specifically targeting self-publishing, Game-as-a-Service (GaaS) models, and development of projects including Project Dagger, Bifrost, and Victoria.
To accelerate the funding process, shareholders voted to waive pre-emptive rights in favor of a private subscription and book-building process aimed at institutional and qualified investors.
This issuance serves to bridge a funding gap following a June 2023 Series F offering that raised 134.4 million PLN, falling short of the company's previous target.
The resolution passed with 86.28% shareholder participation, with 28,838,521 votes in favor and zero against, authorizing the Board to finalize the issue price within six months.
While pre-emptive rights were excluded, the agreement includes a provision allowing existing shareholders who hold at least 0.25% of the company’s votes to maintain their proportional ownership.