Listed gaming technology firm DFNN Inc. is quadrupling its authorized capital stock in preparation for the possible entry of strategic investors.
DFNN said in a disclosure to the stock exchange Tuesday that its board approved the increase of its authorized capital stock to P2 billion from P500 million.
The proposed capital increase is still subject to approval by the Securities and Exchange Commission (SEC).
The company will conduct a special shareholders meeting in January 2026 to approve the action.
Under the amendment, DFNN’s authorized capital stock will rise from P500 million, consisting of 400 million common shares and 100 million preferred shares at a par value of P1 each, to P2 billion, consisting of 1.9 billion common shares and 100 million preferred shares, also at a par value of P1 per share.
DFNN said the increase is intended to give the company greater flexibility in issuing shares and other securities for future capital-raising activities.
DFNN has licenses for electronic gaming machines (EGMs) and operates a sports betting exchange with the state-owned gaming firm, the Philippine Amusement and Gaming Corp. (Pagcor).
In October, DFNN reported plans to invest P17.3 million to subscribe to 17.5 million common shares of its subsidiary Inter-Active Entertainment Solutions Technologies Inc. (IEST).
As part of the company’s move to expand its business, it launched LottoMatik®, a platform aimed at digitalizing and modernizing the lottery experience to reach underserved markets nationwide.
“This initiative is designed to enhance accessibility, transparency, and player convenience while maintaining the integrity of regulated lottery operations,” DFNN said.
“The company aims for LottoMatik® to achieve deployment parity with existing land-based lotto outlets, expanding its footprint to match traditional distribution channels and serve a wider segment of the population,” it added.
