DFNN hiking authorized capital stock to P2 billion

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

December 10, 2025 | 12:00am

MANILA, Philippines — Listed gaming technology firm DFNN Inc. is hiking its authorized capital stock to allow the company to issue additional shares to potential investors.

In a stock exchange filing, DFNN said that its board has approved an increase in the company’s authorized capital stock from P500 million to P2 billion.

The higher authorized capital stock is composed of 1.9 billion common shares with a par value of P1 per share and 100 million preferred shares with a par value of P1 apiece.

DFNN, a publicly listed company committed to advancing innovation, transforming industries and creating a positive impact, said the increase would enable the company to issue additional shares and other securities.

The company earlier said that it is on its way to recovery, with a strategy in place that focuses on both financial rehabilitation and operational growth.

As part of its recovery strategy, DFNN has successfully raised capital via private placements totaling P450 million.

The amount was allocated to settle existing obligations, investment in cybersecurity and artificial intelligence (AI) as well as to cover regulatory listing expenses.

A significant part of the company’s forward-looking plan centers on the scaling of its business verticals, including the launch of LottoMatik.

DFNN has partnered with the Philippine Charity Sweepstakes Office to introduce LottoMatik, a platform designed to digitalize and modernize the lottery experience, reaching underserved markets nationwide.

The platform is targeted to achieve deployment parity with existing land-based lotto outlets, expanding its footprint to match traditional distribution channels and serve a broader segment of the population.

On the technology front, DFNN subsidiary iWave continues to build on its strengths in biometric systems, AI, unified messaging and Internet of Things.

Its e-gates solution is expected to play a critical role in the company’s projected 2025 rebound.