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Gaming platform developer The NFT Gaming Company files and sets terms for a $7 million IPO

October 14, 2022

The NFT Gaming Company, which is developing an NFT-focused digital gaming platform, filed on Friday with the SEC to raise up to $7 million in an initial public offering.

The Roseland, NJ-based company plans to raise $7 million by offering 1.7 million shares at $4.15. At the proposed price, The NFT Gaming Company would command a market cap of $50 million.

If the company prices at a market cap less than $50 million, it will be excluded from Renaissance Capital's IPO stats.

The NFT Gaming Company is developing a digital gaming platform that will offer proprietary and third-party games. The company plans to develop, design, acquire, and manage conventional digital games and combine them with novel methods to create and mint unique in-game features in the form of non-fungible tokens, or “NFTs”. The NFT Gaming Company has yet to generate revenue.

The company was founded in 2021 and plans to list on the Nasdaq under the symbol NFTG. The NFT Gaming Company filed confidentially on March 31, 2022. EF Hutton is the sole bookrunner on the deal.