DRAGO entertainment changed its legal form passed the conversion procedurę into a join stock company and is preparing for IPO

DRAGO entertainment has completed the transformation process from a limited liability company into a joint- stock company. The studio is waiting for an entry in the National Court Register. Thus, Drago reached another milestone on the way to the NewConnect market. The Company’s debut is planned at the turn of the 3rd and 4th quarter of this year. Earlier, in mid-August this year, the studio will conduct an initial public offering. The investment company intermediating in offering the shares will be INC Brokerage House. DRAGO entertainment is currently building a strong wishlist of original titles. Among them are several simulators and a larger FPS / survival game in a post-apocalyptic setting – FrostFall. The studio obtained funds for the production of the titles from the crowdfunding campaign carried out at the end of 2019.

– I am pleased to inform you that we have successfully completed the transformation process into a joint- stock company and we are only waiting for an entry in the National Court Register. This is one of the conditions to be able to apply for joining the group of public companies, for which we are ready. The current market conditions are favorable for our industry. We are planning to debut on the NewConnect market this year. Before that, we will conduct the IPO. We plan that the IPO will start in the second half of August. INC Brokerage House will support us in the process. – informs Joanna Tynor, president of DRAGO entertainment.

Last year, DRAGO entertainment successfully completed a crowdfunding campaign on the SmartFunds platform. The Company raised PLN 1.3 million from investors. DRAGO entertainment is currently building a strong simulator wishlist, such as Gas Station Simulator, Food Truck Simulator, Paparazzi Simulator, Airport Contraband and Detective Simulator. Recently, the Company signed an agreement with MD Games for the Treasure Hunter Simulator port for Xbox One and PlayStation. The Company is also working on a large production called Frost Fall. This is an FPS / survival game with a very deep story and an open world in a post-apocalyptic setting. The publisher of the studio’s titles is Movie Games – also one of the shareholders of DRAGO entertainment.