PlaySide Completes Share Purchase Plan
Key points
- Raised $1.825 million through Share Purchase Plan
- 9,125,000 new shares to be issued on 8 September 2025
- Proceeds to strengthen balance sheet and fund marketing activities
Full summary
PlaySide Studios Limited (ASX: PLY) has announced the completion of its Share Purchase Plan (SPP), which raised $1.825 million. The SPP offer closed on 2 September 2025 and will result in 9,125,000 fully paid ordinary shares being issued on 8 September 2025. The new shares will rank equally with existing PLY shares and the proceeds will be used to strengthen the company's balance sheet and help fund marketing activities associated with its planned gaming launches in FY26. This follows the successful completion of a $6.47 million (gross) private placement to sophisticated and professional investors on 25 July 2025 and a further conditional placement of $0.13 million to two of the Directors of PLY (or entities they control), subject to approval at the Annual General Meeting of the Company to be held on 22 October 2025. The issue price under both the SPP and the Placement was consistent at $0.20 per share.
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