PulluP Entertainment Announces Capital Increase with Public Offering

PulluP Entertainment has initiated a capital increase by launching a public offering targeted at existing shareholders, aiming to raise an initial €17.45 million. The offer includes subscription commitments covering at least 78.2% of this amount, highlighting strong support from the company’s main stakeholders. The funds are designated for financial rebalancing and seizing further expansion opportunities, aligning with its strategic focus on game development and publishing.

The capital increase involves issuing new shares priced at €11.30 each, a slight discount from recent trading prices, ensuring attractiveness to shareholders. The offering period kicks off on May 16, 2024, and continues until May 22, providing a week-long window for shareholders to participate directly. This strategic move is particularly designed to bolster PulluP’s financial stance amidst a challenging economic landscape marked by inflation and heightened competition within the gaming industry.