Mergers & Acquisitions
Report
Current Report No. 14/2021: Acquisition of Game On Creative, Inc.
The report discloses that PCF Group S.A. entered into a letter of intent on 11 March 2021 to acquire 100 % of Game On Creative, Inc., a Montreal‑based studio, and to launch a Series D share offering. The transaction terms set the purchase price at eight times Game On’s 2020 EBITDA, subject to adjustments for debt, working‑capital thresholds and leakage. Upon acquisition, PCF plans an extraordinary general meeting to raise its share capital and offer Series D shares to the SG Trust, with a 15 % exemption from lock‑up and an earn‑out clause of 5 % EBITDA for years 2021–2025. Samuel Girardin, the Game On partner, will assume a dual role as Studio Head of People Can Fly Canada and President of Game On. The letter also outlines a legal and financial due‑diligence review, a potential call option for the SG Trust if capital increases are not registered by 31 December 2021, and a lock‑up period for the remaining Series D shares. The disclosure was delayed until 27 April 2021 in accordance with EU Regulation 596/2014 (MAR) and the Polish Securities Authority guidelines, citing risks that early publication could harm negotiation dynamics or mislead investors. The report explains the confidentiality measures taken and states that the letter of intent does not guarantee completion of the acquisition. The information covers a single Canadian entity, pertains to a 2021 transaction timeline, and involves PCF Group’s Polish‑listed shares. No survey or external data sources are referenced; the methodology is limited to internal board deliberations and regulatory compliance.
PCF Group
Report
Raport Bieżący Nr 8/2025: Zawarcie aneksu do umowy inwestycyjnej
PCF Group S.A. has formalized an amendment to its existing investment agreement with Krafton Inc. and company CEO Sebastian Wojciechowski, effective April 23, 2025. This legal update modifies the strategic partnership established in March 2023, specifically altering the contractual obligations regarding the future commercialization of two internal development initiatives, Project Victoria and Project Bifrost. The primary outcome of this amendment is the waiver of specific preferential rights previously granted to Krafton Inc. Under the original terms, the investor held a right of first negotiation and a right of first refusal concerning any third-party publishing agreements for these two projects. By relinquishing these rights, the company gains greater flexibility to pursue alternative publishing models, including potential partnerships outside of the self-publishing framework, without being bound by the investor’s prior veto or negotiation priority. This adjustment applies exclusively to the governance and commercialization rights of the specified projects within the company’s current development pipeline. All other terms and conditions stipulated in the original 2023 investment agreement remain in full force and effect. This development reflects a strategic shift in the company’s operational autonomy regarding its intellectual property, allowing for broader market engagement as these projects progress toward potential release.
PCF Group
