Gameverse Interactive, a pre-revenue video game developer, filed on Monday with the SEC to raise up to $8 million in an initial public offering.
The Lantana, FL-based company plans to raise $8 million by offering 1.9 million shares at $4. At the proposed price, Gameverse Interactive would command a market value of $55 million.
Gameverse Interactive is a software and video game development company focused on creating immersive and engaging experiences for players and developers of all ages around the world. The company is currently in development phase, has no customer or users, and has not generated any revenue to date. Its live web platform is nearing Minimal Viable Product completion, and public testing is expected to occur within the next three months.
Gameverse Interactive was founded in 2022 and plans to list on the Nasdaq under the symbol GVSE. R.F. Lafferty & Co. is the sole bookrunner on the deal.
