According to the company on April 10, it plans to issue up to 108 million shares. A group of Acer entities will subscribe for at least 64.8 million new shares worth $16.2 million.
Newly listed Winking Studios plans to raise up to $27 million via a placement of new shares at 25 cents each.
The placement, which will be managed by PrimePartners Corporate Finance, is backed by its indirect controlling shareholder, Acer Group of Taiwan, which holds around 60% of Winking Studios.
