Founders launch successful public offering of shares in Ten Square Games by way of an accelerated bookbuilding

The law firm of Rymarz Zdort provided legal advisory services to the selling shareholders, Maciej Popowicz and Arkadiusz Pernal, in connection with the public offering of shares in Ten Square Games S.A. conducted by way of an accelerated bookbuilding.

As a result of the transaction, the founders and major shareholders of Ten Square Games sold 963,574 existing ordinary shares in the company representing 13.31% of its share capital and a corresponding percentage of the votes at the general meeting thereof. The offering was only addressed to selected investors that met specific criteria, including to qualified institutional buyers in the United States (in reliance on Regulation S and Rule 144A under the US Securities Act of 1933, as amended). WOOD & Company Financial Services, a.s. acted as the sole global coordinator in relation to the offering. The final price per share in the offering was set at PLN 230, which resulted in the overall value of the offering amounting to more than PLN 221 million. Following the completion of the transaction, the selling shareholders remain strategic shareholders of the company (with Maciej Popowicz holding 31.39% and Arkadiusz Pernal holding 14.54% of the shares) and intend to continue to support its further development.

The transaction team comprised: Paweł Zdort (managing partner), Ewa Bober (corporate department partner), and Arkadiusz Karwala (associate).