Video game developer Frost Giant Studios wants players to become investors in the company.
The upstart gaming firm has taken to equity crowdfunding platform StartEngine to test the waters for investor interest. The Irvine-based company said $904,000 in shares had been reserved as of March 13.
The initiative offers supporters a chance to reserve a spot in advance to invest at a later date in Frost Giant Studios. It offers the possibility to directly benefit from the anticipated success of Stormgate, the studio’s first offering, a real-time strategy game.
The company had already attracted nearly $35 million in initial rounds of funding and another $2.5 million on crowdfunding platform Kickstarter.
The equity investment campaign is set to start this month, with a minimum investment of $494.
Summer Launch
The funds raised through the equity campaign, Frost Giant Chief Executive Tim Morten said in an announcement last month, “will bolster a strategic marketing campaign, setting the stage for Stormgate’s early access launch this summer.”
The offering is subject to the SEC’s crowdfunding regulation.
PC Gamer earlier this year described Stormgate as a mashup of Blizzard Entertainment’s popular StarCraft 2 and Warcraft 3, “with a few fresh twists.”
CEO Morten and Tim Campbell, formerly Blizzard’s real-time strategy masterminds, founded Frost Giant in 2020.
