7Levels will debut on NewConnect
15:41
7Levels, a Kraków-based producer of games for the Nintedo Switch, will debut on the small-cap, alternative NewConnect market on Tuesday, June 5 - informed the Warsaw Stock Exchange in a press release.
7Levels at the end of October 2017 issued 25,000 new C-series shares. The issue price was PLN 60 per share. The value of the public offering amounted to PLN 1.5 million.
The company had its first premiere of the game (Castle of Heart) on the Nintendo Switch and announced another game for 2019.
Castle of Heart went on sale at the end of March. The results of the sale of this game will be visible in the results of the second quarter.
The 7Levels strategy assumes launching one large game for Nintendo Switch (6-10 hours of play) every 12-15 months.
