Business
Payment of deferred consideration
Devolver Digital has paid $7.9 million of the $10.0 million deferred consideration for System Era Softworks, Inc., following the Early Access release of STARSEEKER: Astroneer Expeditions. This payment comprised approximately $3.0 million in 10,177,811 shares and $4.9 million in cash. An additional $2.1 million will be paid in two equal tranches over the next two years. The issuance of shares from treasury has increased the total shares in issue and outstanding to 495,648,938. Disclaimer*
About this update from Devolver Digital, Inc.
23 July 2026 Devolver Digital, Inc. ("Devolver Digital", "Devolver" or the "Company") Payment of deferred consideration for System Era Softworks, Inc Devolver Digital, an award-winning digital publisher and developer of independent ("indie") video games, is pleased to announce that it has completed the payment of $7.9m of the $10.0m contractual deferred consideration for System Era Softworks, Inc ("System Era"), which Devolver acquired in 2023. The deferred consideration was contingent upon the release of the game STARSEEKER: Astroneer Expeditions which came out in Early Access form last month. The deferred consideration consisted of 10,177,811 shares valued at c. $3.0 million (based on a 30-trading day VWAP calculation), and c. $4.9m in cash. A further $2.1 million in cash and shares has been further deferred and split into two equal tranches - to be paid one year and two years from today. The 10,177,811 shares were issued from the Company's shares held in treasury, which after the deferred consideration issuance total 7,769,129. Total shares in issue and outstanding increase by 10,177,811 shares to 495,648,938. About Devolver Digital Devolver is an award-winning video games publisher in the indie games space with a balanced portfolio of third-party and own-IP. Devolver has an emphasis on premium games and has published more than 150 titles, with more than 30 titles in the pipeline scheduled for release over the next three years. Devolver has in-house studios developing first-party IP titles and a complementary publishing brand. Devolver is registered in Wilmington, Delaware, USA. Enquiries : Devolver Digital, Inc. Harry Miller, Chief Executive Officer Graeme Struthers, Chief Operating Officer Daniel Widdicombe, Chief Financial Officer [email protected] Zeus (Nominated Adviser and Joint Broker) David Foreman / Kieran Russell (Investment Banking) Nick Searle (Equity Capital Markets) +44 (0) 20 3829 5000 Panmure Liberum (Joint Broker) Dru Danford / Piers Shimwell (Investment Banking) Rupert Dearden (Corporate Broking) +44 (0) 20 3100 2000 FTI Consulting (Communications) Jamie Ricketts / Valerija Cymbal / Hermione Mellor [email protected] +44 (0) 20 3727 1000
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