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Fig Portfolio Shares isn't accepting new investments

Fig Portfolio Shares’ deadline was April 16, 2022

Follow the company to stay updated on their progress, including future investment opportunities


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Fig Portfolio Shares

Be a part of the success of legendary games
Gaming Video Games
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$2,283,250
Raised
1,068
Investors
Successfully funded and closed on April 16, 2022.
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Closed on April 16, 2022. Information may not be up-to-date. Campaign closed on April 16, 2022. Information displayed may not be up-to-date.
Fig The games Our approach How it works Returns Past returns Past games Leadership
About Team

Get returns from games funded by Fig Portfolio Shares

Created by Fig Publishing, Inc.

You will be investing in Fig and receiving Fig Portfolio Shares – Series 2021, which will pay distributions based on Fig's right to sales receipts of Portfolio Products funded by Fig will publish under Fig's publishing license agreement with the developer.

How investing works

These charts generally show how investments help fund game development and how sales receipts will be shared. This is an example and may vary from Portfolio Product to Portfolio Product. Fig intends to enter into 10 similar agreements.

  1. Investors invest in Fig Portfolio Shares – Series 2021, of Fig Publishing, Inc. (Republic subsidiary).

  2. Fig provides a development amount (part of the Fig Funds) to the Developer for each game Fig and the Developer agree to.

  3. Provided a game funded by Fig is successfully developed and published, the Developer will pay Fig a revenue share on sales receipts received by the Developer.

    Fig's revenue share is 50% of sales receipts before 3.00x the Fig Funds provided to the Developer is returned; after that, Fig's revenue share is 25% of sales receipts for five (5) years thereafter. Any Fig Funds not provided to the Developer will be returned to the investors if the Fig Funds raised in the offering are not provided to the Developer within three 3 years, such funds remaining in escrow, without earning interest, until such time.

  4. Fig then pays out 85% of these revenues to shareholders of Fig Portfolio Shares – Series 2021.

Revenue sharing calculations

This graph shows the estimated lifetime distributions for every $1,000 share, at various levels of relevant game sales* at a minimum dividend rate of 85%. The lifetime distributions will vary depending on the level of investment raised because Fig's revenue share might be divided among a fewer number of securities.


Potential Cumulative Dividends

Under Fig’s dividend policy, if games funded by Fig Portfolio Shares are successfully developed and published, then, during such time as games funded by Fig Portfolio Shares are generating sales receipts, an investor in Fig Portfolio Shares – Series 2021 may expect to receive dividends for each share held by the investor as follows:

The table above embodies assumptions, and is presented for illustrative purposes only. One principal assumption is that Fig provides 100% of the proceeds of this offering as Fig Funds to games funded by Fig Portfolio Shares. Although we believe the assumptions represent fair estimates, there can be no assurance that any one or more of these assumptions will in fact apply. This table uses the Tier 1 Calculated Rate in determining the amount of revenue to Fig.
In particular:

  • There can be no assurance as to when games funded by Fig Portfolio Shares may begin to generate sales; or when they may reach any particular number of unit sales, or when its sales may begin to drop or cease. The table above does not in any way illustrate anticipated sales performance over time.
  • We are not aware of any way to reliably predict the amount of sales, or sales rate, of a console from the amount of sales, or sales rate, of another game console. Nevertheless, the information presented is estimated by us and not a complete representation of the financial performance, because it excludes, among other things, the expenses that would affect whether a game is profitable. Also, such information has not been prepared in accordance with GAAP, nor audited in accordance with GAAP.
  • Game Developers will sell games at different prices depending on the development costs associated with each game. The retail price of a game is subject to discounting by the publisher and by distributors (typically with the acquiescence of the publisher). A game that sells well may maintain its initial retail price for a year or more, although games that sell less well are typically discounted faster, in order to spur sales volumes. 

Estimated lifetime distributions

The graph above assumes the Fig Funds amount is $15,000,000 and shows the estimated lifetime distributions for a single Fig Portfolio Shares – Series 2021 share ($1,000 price), at various levels of revenue received by Fig, assuming a specific breakdown of revenue from different sources related to the sale of the games funded by Fig Portfolio Shares published by Fig.* 

The lifetime distributions will vary depending on the level of investment raised, because Fig's revenue share would be divided among the number of securities outstanding. However, the more funds we raise, the more funds we can make available for development, which may translate into more consumer interest in the completed product. If the Fig Funds amount were higher than $15,00,000 the dividend payment to stockholders would be lower than presented for any given level of revenue. 

More information

Your investment is binding and irrevocable, although we reserve the right to reject it for any reason or no reason at all. Funds committed will remain in an escrow account maintained by Prime Trust, LLC until such time as a closing occurs. We will not be issuing share certificates; your investment will be solely recorded in book-entry electronic form by Computershare Trust Company, N.A. our transfer agent and registrar.  We do not intend to use commissioned sales agents or underwriters, except that investors in Alabama, Arizona, Florida, New Jersey, North Dakota, Texas and Washington will be required by state law to purchase shares of FPS – Series 2021 through a broker-dealer of record. Our broker-dealer of record will be Dalmore Group, LLC, member FINRA/SIPC, a registered broker-dealer. In consideration of Dalmore Group, LLC’s assistance in facilitating transactions in compliance with applicable state law, we will pay Dalmore Group, LLC a commission of 1.5% of gross proceeds from transactions it facilitates, a $5,000 fee for out-of-pocket costs, a consulting fee of $15,000 due when FINRA issues a No Objection Letter and we receive qualification of the offering statement of which this offering circular is a part and we will be reimbursed for FINRA filing fees, which we estimated to be $2,750.

An offering statement relating to Fig Publishing, Inc.'s preferred stock, class FPS - Series 2021 has been filed with the Securities and Exchange Commission and became qualified on August 18, 2021. Prior to any investment Fig Publishing, Inc.'s preferred stock, class FPS - Series 2021, you should review a copy of the offering circular or contact Fig Publishing, Inc. by phone at 1-800-587-1340 or in writing at 335 Madison Avenue, New York, NY 10017. No offer to sell any securities, and no solicitation of an offer to buy any securities, is being made in any jurisdiction in which such offer, sale or solicitation would not be permitted by applicable law.

Documents

Fig (Fig Publishing, Inc.) is hosting this Reg A+ securities offering. View the official SEC filing and all updates:
Official SEC Logo Form 1-A SEC.gov
Company documents
Subscription Agreement
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Hear from some of the 1,068 investors in Fig Portfolio Shares


Show more

Highlights


Invest in the success of a portfolio of amazing games, including three classic Wizardry games, sequels to beloved classic IPs, and original games from established indie developers.

  • Receive returns from a portfolio of titles selected by Fig twice a year
  • Games include a diversified approach of new and established studios
  • Past games funded by Fig won major awards and critical acclaim
  • Previous Fig games returned up to 300%

Fig


Fig is the #1 game funding and publishing platform. Fig games have nearly 100 nominations from major award shows. The platform helps both well-known and up-and-coming indie developers bring their games to life.

With Portfolio Shares we are offering a diversified approach where we will be publishing a range of different game and game console projects (Portfolio Products), from AAA IP's, to established indie projects. 

The games


Fig has entered into non-binding letters of intent with the above developers. These are just a portion of the projects that Fig Portfolio Shares will be funding. Fig intends to publish at least 10 Portfolio Products  through the sale of Fig Portfolio Shares.

Our approach


Fig is looking to assemble a diversified portfolio of games from well established studios to up-and-coming indies, from sequels to brand new IPs, and all points in-between.

How it works


Through the sale of Fig Portfolio Shares, Fig intends to co-publish 10 games or game console projects (Portfolio Products). When those Portfolio Products are released and become publicly available for purchase, Fig will collect a percentage of the gross receipts from their sales. From these collections, Fig will pay out dividends to investors twice a year.

Fig has the ability to  receive NFTs from participating games, should any be produced, and has the ability to potentially sell them and distribute proceeds to Fig Portfolio shareholders. This could provide a revenue stream for investors even prior to a game shipping.

Returns


Fig will take a small percentage of the funds raised to cover transactional costs and will retain a small portion of all funds deployed to developers to cover operating costs -  Fig will distribute to shareholders 85% of all the revenues received from the funded games.

The time horizon for investor distribution and total returns will begin with the launch of the first commercial game and will continue until five years after the last Portfolio Product launches.

NFT sales have not been added into our forecast as they are highly volatile, and portfolio developers may choose to alter or abandon their plans, and therefore we may never interact with NFTs.

Please review the "Terms" tab to see full details.

Past returns


Fig has seen positive returns from the majority of the games it's co-published and funded in the past.

Past games


From sequels to cult classics to BAFTA award winning games from undiscovered indies, Fig has funded them all.

Leadership


The Fig team has a diverse background which includes industry expertise in video games and FinTech.

Deal terms


Minimum investment

$1,000

The smallest investment amount the issuer is accepting in this offering.

Maximum investment

$1,000,000

The largest investment amount the issuer is accepting in this offering.

Funding goal

$15M

The maximum amount the offering can raise is $15M.
Learn more

Deadline
Fig Portfolio Shares campaign will end on .
Type of security

Fig Portfolio Shares - Series 2021 shares

Preferred Stock issued by Fig Publishing, Inc. that is tied to a license agreement between Fig and a developer. Fig Gaming Shares for a particular game or product track an interest in potential future sales receipts from that game or product, which are received by Fig pursuant to a license agreement with the developer.
Learn more

Price per share

$1,000

The price of each share of Fig Portfolio Shares - Series 2021.

How it works

Documents

Fig (Fig Publishing, Inc.) is hosting this Reg A+ securities offering. View the official SEC filing and all updates:
Official SEC Logo Form 1-A SEC.gov
Company documents
Subscription Agreement

About Fig Portfolio Shares

Legal Name
Fig Publishing, Inc.
Founded
Oct 2015
Form
Delaware Corporation
Employees
0
Website
republic.com/fig
Social Media
Headquarters
Google Map location of of Fig Portfolio Shares
335 MADISON AVENUE Floor 16 , New York, NY
Headquarters
335 MADISON AVENUE, Floor 16, New York, NY, United States 10017

Fig Portfolio Shares Team
Everyone helping build Fig Portfolio Shares, not limited to employees

Profile picture of Justin Bailey
Justin Bailey
Founder
Profile picture of Chuck Pettid
Chuck Pettid
President
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Ash Leavenworth
Head of Operations
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Austin Durgee
Campaign Management Intern
1 more team member
Justin Bailey
Founder
Chuck Pettid
President
Ash Leavenworth
Head of Operations
Austin Durgee
Campaign Management Intern
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Fig Portfolio Shares

Fig Portfolio Shares successfully raised $2,283,250 from 1068 investors on April 16, 2022
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Steven, Navdeep Singh, Pedro, Todd, Alex, and 1063 others invested. 282 Reviews
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republic.com/fig and fig.co (collectively, the “Site”) are websites owned and operated by OpenDeal Inc. dba Republic. By accessing the Site and any pages on this Site, you agree to be bound by its Terms of Use and Privacy Policy, as may be amended from time to time. The securities offered by the issuers on the Site (the "Securities") may be sold only to (A) investors who are (i) "Accredited Investors" as defined in Rule 501 under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or (B) certain eligible investors who are not "U.S. persons" as defined in Rule 902 under the Securities Act, or (C) otherwise eligible to invest in Securities as discussed elsewhere on the Site. Accredited Investors will be required to provide supporting documentation evidencing their accredited status. All investors using the Site must acknowledge and accept the high risks associated with investing in the Securities. These risks include holding your investment for periods of months or years with limited or no ability to resell and losing your entire investment; you must have the ability to bear a total loss of your investment without a change in your lifestyle. The Site may contain “forward looking statements” which are not guaranteed. Potential investors should read all of the investment documents that are provided to them. Fig is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. The Securities are being offered and sold only in jurisdictions where such offers and sales are permitted; it is solely your responsibility to comply with the laws and regulations of your jurisdiction of residence. You are strongly advised to consult your legal, tax and financial advisors before investing.

With regard to communications by an issuer on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to “reserve” Securities as indications of interest in the potential offering, please note (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind.

Past performance may not be indicative of future results. Different Fig investments involve varying deal terms and degrees of risk, and may lose value. Therefore, it should not be assumed that future performance of any specific investment will correlate with historical results. Multiple offerings of Securities may be conducted on this Site. Prior to any investment in any Securities, you should review a copy of the current offering circular relating to those Securities included in the corresponding offering statement filed with the U.S. Securities and Exchange Commission, by clicking on the following link: Fig Publishing, Inc. CIK#: 0001658966.

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