On February 15, 2021, Firebyte Games closed a private placement of shares in a share capital hike, raising RON4.93 million from capital market investors. The money will be used almost equally to expand the development activity for the “revenue-share” business line and to develop Casual-type games for mobile devices.
The funding was brokered by BRK Financial Group, and the company sold 8.8 million shares, at a price of price of RON0.56/share. Thus, Firebyte Games reached an anticipated stock market capitalization of RON19.7 million (EUR4 million).
Firebyte Games has a share capital of RON3.5 million, divided into 35.2 million shares, with a nominal value of RON0.1/share.
In early March 2021, Firebyte Games had 155 shareholders. Its biggest shareholders are SSIF BRK Financial Group (47.89%), SAI Broker (15.02%) and Adrian Andrici (12.08%).
SSIF BRK Financial Group, the only broker listed on the Romanian stock exhange, carried out the private placement and, at the same time, the listing of the company on the AeRO market, as Authorized Consultant. BRK Financial Group will continue to assist Firebyte Games for the next 12 months, after the listing, to meet investor reporting and information requirements.