PlaySide Studios Completes A$6.6m Placement

• Firm commitments received for $6.6m placement at $0.20 per share
• Directors committed to participate for up to $130k subject to shareholder approval
• Proceeds to strengthen balance sheet ahead of major original IP launches

PlaySide Studios (PLY-ASX) has announced that it has received firm commitments from sophisticated and professional investors to raise approximately $6.6 million via a placement. The placement will see the company issue 33 million new fully paid ordinary shares at $0.20 per share, representing a 13% discount to the last traded price and a 10.9% discount to the 10-day VWAP. Directors of PlaySide have committed to participate for up to $130,000 in the placement, subject to shareholder approval. The proceeds from the placement will strengthen the company's balance sheet ahead of the launch of its highly anticipated original IP title, MOUSE: P.I. For Hire. The company's recent restructure in April 2025 has enabled it to deliver significant improvements to its processes and overhead costs, and it remains focused on converting successful game launches into sustainable growth in revenue and cash flow.