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Paris, February 16, 2023 - DON'T NOD, an independent studio that creates, develops and publishes video games, today announces the launch of a capital increase for an approximate €40 million to accelerate its post-2025 development strategy.
The fundraising consists of a capital increase with cancellation of the preferential subscription right to the benefit of a specified category of persons (the “Reserved Offering”), as well as a capital increase by way of a public offering with cancellation of the preferential subscription right for individual investors via the PrimaryBid platform (the “PrimaryBid Offering”).
After two years of investment, international deployment, and the implementation of its integrated developer-publisher model, DON'T NOD begins 2023 with 2 new video games slated for release this year – Banishers: Ghosts of New Eden, in partnership with Focus Entertainment and Harmony: The Fall of Reverie. At the same time, DON'T NOD is continuing to develop its 2023/25 pipeline with 4 additional original creations and 2 external co-productions (Studio Tolima and Tiny Bull Studios).
The funds raised from this new offering will be used mainly to accelerate DON'T NOD's development strategy beyond 2025 and achieve its growth goals strengthening:
In connection with the Reserved Offering, Tencent Holdings Limited (‘Tencent') – a shareholder in DON'T NOD for over 2 years – is confident in the Paris-based studio's future development and has committed to subscribing for a minimum of €35 million through its subsidiary, Proxima Beta Europe BV. Following the fundraising, the composition of DON'T NOD's board of directors will remain unchanged.
“This year marks a major milestone for DON'T NOD with the first releases of our highly value-creating 2023/25 pipeline,” said Oskar Guilbert, Chairman and CEO of DON'T NOD. “This fundraising should allow us to finance our next growth cycle beyond 2025 in a segment with strong and proven business potential. Tencent's support, as an industry leader and key shareholder partner, confirms our strategic roadmap and provides the company with the stability essential for its long-term development. This strengthened partnership will enable us to take advantage of the various growth drivers in the video game industry.”