News

New listing of RENDER CUBE

12

2024-03-22 15:53:00

The company RENDER CUBE S.A.​was newly listed on the GPW Main Market on 22 March 2024.

RENDER CUBE S.A. is the 411th company listed on the Main Market and the third new listing on the Main Market in 2024.

Key information

company name

RENDER CUBE S.A.

ticker/short name

RND/RENDER

market (main/parallel)

Parallel (transfer from NewConnect)

seat

Łódź

Polish/foreign (other listing markets)

Polish

companies listed on the regulated market

411

new listings in 2024

3

transfers from NC in 2024

3

business sector

Gaming

companies in the sector

73

core business

Render Cube S.A. operates on the video games market, producing computer games for personal computers, Xbox and PlayStation consoles of various generations.

IPO/ public sale

N/A

issue/selling price

N/A

public offering value:

N/A

company valuation*

PLN 131,843,700

% free float
in shares subject to the application

19.68%

free float value*

PLN 25,940,700.00 

% free float in all shares

19.68%

free float value* (in all shares)

PLN 25,940,700.00 

reference price

to be determined based on the closing price on NC

number of shareholders
(shares subject to the application)

series A-C shares are currently traded in the NewConnect ATS so it is not possible to determine the total number of shareholders of the Company

Investment Firm

Dom Maklerski INC S.A.

Auditor

KPW Audyt Spółka z ograniczoną odpowiedzialnością

based on the average price of the Company’s shares in the NC ATS in the last three months before the submission of the application for admission, equal to PLN 123

Issuer’s history and business

Shares of the Company are listed in the alternative trading system on the NewConnect market since 22 December 2021.

The Issuer was incorporated by a memorandum of association in the form of a notarial deed dated 1 December 2017 as a limited liability company under the name Render Cube spółka z ograniczoną odpowiedzialnością. The Company was registered in the National Court Register under the KRS number 0000708937 on 13 December 2017. Render Cube sp. z o.o. was transformed into the joint-stock company Render Cube spółka akcyjna on 5 August 2020. The transformation of Render Cube spółka akcyjna was entered into the Register of Entrepreneurs of the National Court Register pursuant to the decision of the District Court Łódź-Śródmieście in Łódź, 20th Commercial Division of the National Court Register dated 23 September 2020 under the KRS number 0000860872. The Company was established for an unlimited period of time.

Render Cube S.A. with its registered office in Łódź operates on the video games market, producing computer games for personal computers, Xbox and PlayStation consoles of various generations. Games are available for sale through digital distribution platforms such as Steam, GoG, Epic Games, Microsoft Store, and PlayStation Store. The video games produced by the Issuer are sold on the global market, in line with the activities of digital distribution platforms. The Issuer outsources the publication of games on sales platforms.

Issuer’s share capital

The Company's share capital amounts to 1,071,900 shares with a nominal value of PLN 0.10 and a total nominal value of PLN 107,190, including:

  • 1,000,000 series A ordinary bearer shares,
  • 38,900 series B ordinary bearer shares, 
  • 25,900 series C ordinary bearer shares, 
  • 7,100 series D ordinary bearer shares.

The Issuer did not conduct a public offering in connection with its new listing on the GPW Main Market.


Issuer’s shareholders:

Shareholder

Number of shares

Number of votes

% of share capital

% of total vote

Iridium Media Group GmbH

600,000

600,000

55.98%

55.98%

Damian Szymański

220,000

220,000

20.52%

20.52%

Krzysztof Szymański

41,000

41,000

3.82%

3.82%

Other

210,900

210,900

19.68%

19.68%

Total

1,071,900

1,071,900

100%

100%


Issuer’s selected financials (PLN):

 

1.01.-31.12.2023
(unaudited)

2022
(audited)

2021
(audited)

2020
(audited)

Net sales revenue

15 458 829.97

13 943 303.98

13 400 224.23

7 463 713.03

Net profit  

7 600 458.40

7 995 156.17

8 739 666.79

5 224 175.39

Equity

39 488 518.13

31 386 932.73

23 391 776.56

5 343 110.56

Liabilities and provisions

401 048.26

331 675.59 

2 070 247.69

1 324 474.44

Total assets

39 889 566.39

31 718 608.32

25 462 024.25

6 667 585.00

Net cash flows

2 496 204.35

3 671 023.45

9 591 990.16

4 321 674.73

Cash – closing balance

20 229 375.85

17 726 939.01

14 055 915.56

4 463 925.40


Newly listed instruments:

  • 1,000,000 series A ordinary bearer shares,
  • 38,900 series B ordinary bearer shares, 
  • 25,900 series C ordinary bearer shares,  
  • 7,100 series D ordinary bearer shares.

 

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