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New listing of DARK POINT GAMES S.A. on NewConnect

The company DARK POINT GAMES S.A. was newly listed on NewConnect on 8 October 2024.

DARK POINT GAMES S.A. is the 361^st company listed on NewConnect and the tenth new listing on NewConnect in 2024.

Key information

*based on the reference price of the shares proposed by the Authorised Advisor and the Market Maker, equal to PLN 25.00

Issuer’s history and business

The company was founded on the initiative of Paweł Waszak, Marcin Kamiński, Daniel Mira, and Wiesław Małek. Each of the founders has more than 14 years of experience in various sectors of game development, working in positions including Level Designer, Project Manager, Senior AI Programmer, Senior Programmer, and Character Artist.

On 1 July 2020, the company launched the project “Development of an Isometric RPG with a proprietary GAIA (Group AI Action) System” under the GameINN Sectoral Programme, measure 1.2 “Sectoral R&D Programmes” of the Smart Growth Operational Programme. On 15 September 2020, the company signed a project funding agreement with the National Centre for Research and Development (NCBR) for PLN 2.36 million.

On 29 July 2021, the Issuer presented the game “Achilles: Legends Untold” and published its page on Steam, including the game trailer and gameplay graphics. On 12 May 2022, an early access PC version of the Issuer’s first original game set in mythical Greece “Achilles: Legends Untold” was released.

In 2022 – 2024, the Issuer participated in the largest trade fairs of the video game industry in Europe and US, including Gamescom in Cologne, EGX in London, Paris Games Week in Paris, Pax East in Boston, and PGA in Poznań. On 2 November 2023, the Company released the full version of the game “Achilles: Legends Untold” in Europe, America, Asia, Japan, and Australia at a price of USD 24.99. The game was published on Steam, Epic Games Store, Xbox Series S|X, and PlayStation 5.

On 28 February 2024, the Company signed an agreement with Crunching Koalas sp. z o.o. to convert the game “Achilles: Legends Untold” for Xbox One, PlayStation 4, and Nintendo Switch consoles. The game is scheduled for release on consoles in Q4 2024.

Dark Point Games S.A. is an independent game developer and specialises in the production of action RPG games for personal computers and PlayStation, Xbox, and Nintendo Switch game consoles, developed by a team with many years of experience at companies such as Techland, Vivid Games, THQ Nordic, and CI Games. The Company’s mission is to create premium products in the indie segment.

Since its inception, the Company has collaborated with more than 20 specialists who have extensive experience in Unreal Engine technology and work on the development of proprietary artificial intelligence technologies. 12 May 2022 saw the release of the early access version of the Issuer’s game set in mythical Greece “Achilles: Legends Untold” on Steam. The game was self-published, without the involvement of an external publisher. On 13 July 2022, the Issuer opened a store on Epic Games. The full version of the Issuer’s first game “Achilles: Legends Untold” was released on 2 November 2023 simultaneously in Europe, America, Asia, Japan, and Australia on platforms including Steam, Epic Games Store, Xbox Series S|X, and PlayStation 5. The Issuer is currently porting the game to PlayStation 4, Xbox One, and Nintendo Switch consoles.

The Issuer’s second project is a survival game under the working title “Brightness”, which is in production. The estimated production budget (excluding marketing costs) is approximately € 1.5 million. The Company has invested approximately € 700,000 in the creation of the game (excluding the costs of more than 12 months of pre-production of the game from December 2022 to December 2023). The expected release date is the second half of 2025 in an early access version for PC on Steam.

The Issuer’s third project is a game under the working name “Project S”, which is in production. The estimated total production budget of “Project S” is PLN 1.4 million until the full version is released on the digital distribution portal Steam. The Company has invested approximately PLN 100,000 in the creation of the game. The expected release date is the fourth quarter of 2024 in the early access version on Steam.

Selected financials of the Issuer (PLN):

25,000 series G shares – private placement

The offering of Series G Shares opened on 31 August 2023 and closed on 31 August 2023.

Series G Shares were taken up by 1 entity.

The issue price of the shares was PLN 50.00.

The offering value was PLN 1,250,000.

Shareholders of the Issuer:

*President of the Management Board / **Member of the Management Board

***Related party of a Member of the Supervisory Board / ****Member of the Supervisory Board

Financial instruments newly listed on NewConnect: 373,000 shares with a nominal value of PLN 0.10 each, including:

• 200,000 series B ordinary bearer shares;
• 80,000 series C ordinary bearer shares;
• 15,000 series D ordinary bearer shares;
• 44,000 series E ordinary bearer shares;
• 9,000 series F ordinary bearer shares
• 25,000 series G ordinary bearer shares.