Philippine information technology firm DFNN Inc says its board approved on Friday the increase in the company’s authorised capital to PHP2.00 billion (US$33.8 million) from the current PHP500 million. The move will enable the firm to issue additional shares to potential investors, according to a Tuesday filing to the Philippine Stock Exchange.
As per the filing, DFNN’s authorised capital stock is to increase to PHP2.00 billion, consisting of 1.90 billion common shares with a par value of PHP1.00 per share, and 100.0 million preferred shares with a par value of PHP1.00 per share.
Prior to the increase, DFNN’s authorised capital stock stood at PHP500.0 million, consisting of 400.0 million common shares with a par value of PHP1.00 per share, and 100.0 million preferred shares with a par value of PHP1.00 per share.
The company is yet to announce the date for approval by shareholders, as well as by the country’s Securities and Exchange Commission. DFNN will hold a special stockholders’ meeting on January 30, 2026, according to a separate filing.
Via subsidiaries, DFNN has licences for electronic gaming machines (EGMs), a sports betting exchange, and digit and pari-mutuel games, with the nation’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).
In October, DFNN said it intended to invest PHP17.5 million to subscribe to 17,500,000 common shares of its subsidiary Inter-Active Entertainment Solutions Technologies Inc (IEST).
The subscription will be used by IEST to fund its own projects, said the parent company. Incorporated in 2004, IEST owns and operates “multiple gaming licences,” and “provides betting and gaming technologies,” as per its corporate website.
