Punch Punk Sp. Z o.o announced that it will raise PLN 1,212,500 in an equity round of funding on July 27, 2017. The company signed the investment agreement. The company will issue common shares in the transaction. The transaction involved participation from 15 investors including Przedsiebiorstwo Produkcyjno Handlowo Uslugowe Eltex Krzysztof Grudzinski and PlayWay S.A. (WSE:PLW) for PLN 300,000. The transaction will take place in two stages. Stage one is expected to happen by July 31, 2017. The company will issue 6,250 shares at a price of PLN 130 for gross proceeds of PLN 812,500. The company will issue 1,600 shares at a price of PLN 250 for gross proceeds of PLN 400,000 in stage two. Post the closing of the transaction, Przedsiebiorstwo Produkcyjno Handlowo Uslugowe Eltex Krzysztof Grudzinski will own 30% stake, PlayWay S.A. (WSE:PLW) will own 30% and other investors will own 40% stake in the company.