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Powiadomienie o transakcji: Michał Drozdowski
The notification reports a transaction involving Michał Drozdowski, who holds the position of board member at 11 Bit Studios S.A.
- Michał Drozdowski, a board member at 11 Bit Studios S.A., sold 1,200 shares of the company on 19 February 2024.
- The shares were sold at a price of PLN 600 per share on the XWAR – GPW stock market.
- The total value of the transaction amounted to PLN 720,000.
Zawarcie umowy produkcyjno-wydawniczej z Incuvo S.A.
The report announces that on 13 December 2021 PCF Group S.A., a Warsaw-based company, entered into a production and publishing agreement with Incuvo S.A. of Katowice.
- PCF Group S.A. and Incuvo S.A. signed a production and publishing agreement on 13 December 2021 to adapt a title from the People Can Fly portfolio for virtual reality.
- Incuvo S.A. is responsible for all code adjustments and technical adaptations required to meet the hardware specifications of all major VR platforms.
- PCF Group S.A. will fully fund the VR production through milestone-based payments tied to specific development stages.
Current Report No. 22/2022: Agreement on Termination of Production and Publishing Agreement
The report announces that on October 1, 2022, People Can Fly U.S., LLC and its parent PCF Group S.A. entered into a termination agreement with Take-Two Interactive Software, Inc., ending the 2020 production and publishing contract for Project Dagger.
- People Can Fly U.S., LLC and Take-Two Interactive Software, Inc. terminated their 2020 production and publishing agreement for Project Dagger, effective October 1, 2022.
- People Can Fly retains exclusive ownership of the Project Dagger intellectual property, as Take-Two did not exercise its option to acquire the rights and its license has expired.
- If People Can Fly self-publishes Project Dagger, they must pay royalties to Take-Two on a quarterly basis until a total of $20 million is repaid.
Zwiększenie zaangażowania kapitałowego PCF Group S.A. w spółkę Incuvo S.A.
The report announces that PCF Group S.A., a Warsaw-based company, has decided to increase its capital participation in its subsidiary Incuvo S.A., a Katowice-based game developer.
- PCF Group S.A. is increasing its stake in subsidiary Incuvo S.A. from 50.01% to approximately 62.25% of total capital and voting rights.
- The transaction involves PCF Group issuing 136,104 new Series E shares, valued at PLN 6,278,477.52, to Incuvo CEO Andrzej Wychowańcy and Vice-Chairman Radomir Kucharski.
- In exchange for the new PCF shares, the two executives are transferring a combined 1,748,878 shares of Incuvo to PCF Group, representing roughly 12.24% of Incuvo's capital.
Aktualizacja strategii PCF Group S.A. oraz Grupy People Can Fly
The update presents the revised growth strategy for PCF Group S.A. and its People Can Fly holding group, adopted by the board on 31 January 2023.
- On 31 January 2023, the board of PCF Group S.A. and People Can Fly adopted a revised growth strategy to update the previous objectives established in September 2021.
- The updated strategy prioritizes expanding market presence, enhancing product development pipelines, and improving financial performance through cost optimization and capital allocation.
- The group has integrated sustainability initiatives, digital transformation, and talent development programs as core operational priorities across its portfolio.
Current Report No. 11/2023: Disclosure of Delayed Inside Information
The report discloses that PCF Group S.A.’s board initiated negotiations on 19 March 2023 with Krafton, Inc. or its affiliated entity to acquire shares in a capital increase approved by an extraordinary general meeting on 28 February 2023.
- PCF Group S.A. entered negotiations with Krafton, Inc. on 19 March 2023 regarding a potential capital increase that would grant Krafton a 10% stake in the company.
- The proposed deal includes the potential for future collaboration between PCF Group and Krafton on specific game titles.
- PCF Group delayed the public disclosure of these negotiations from 19 March to 28 March 2023, citing the need to protect negotiation dynamics under Article 17(4) of the MAR Regulation.
Raport Bieżący Nr 12/2023: Zawarcie Umowy Inwestycyjnej z Krafton, Inc.
The document announces that Krafton, Inc. has entered into an investment agreement to acquire shares of PCF Group S.A. under a capital increase authorized by the extraordinary general meeting, allowing up to 5 853 941 new ordinary shares of series F at a nominal value of PLN 0.02 each.
- Krafton, Inc. is acquiring a 10% equity stake in PCF Group S.A. through the issuance of 5,853,941 new series F ordinary shares.
- The investment is priced at PLN 40.20 per share, granting Krafton 10% of the company’s total voting rights.
- Krafton holds rights of first negotiation and first refusal on future PCF Group projects, specifically Project Victoria and Project Bifrost, if they are not self-published.
FOCUS: ACC South Florida 2026
The 2026 landscape for South Florida’s legal and corporate sectors is defined by a convergence of legislative expansion, heightened cybersecurity vigilance, and complex transactional risks.
- The OBBBA, enacted in 2025, makes the Opportunity Zone program permanent, introduces a new 10-year cycle for zone redesignation, and expands federal tax benefits, significantly impacting sports and entertainment developments.
- AI poses substantial data leakage risks, both external (sensitive data made public) and internal (private data exposed within an organization), as evidenced by Amazon's 2023 warning to employees about unapproved AI tool usage.
- Post-closing M&A disputes are increasingly likely in 2026 due to continued market volatility, regulatory scrutiny, AI uncertainty, and increased use of completion accounts and earnouts.