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Netcapital Portfolio Company Acquires Spellbook Studio

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Netcapital Inc. (Nasdaq: NCPL) announced that its portfolio company, Zelgor, has acquired Spellbook Studio, the creators of The Infinite Black franchise. The Infinite Black is a space combat Massive Multiplayer Online game (MMO) that pioneered Android MMO gaming in 2011.

The franchise consists of two free-to-play mobile games where players manage spaceship fleets and engage in battles. Revenue is generated through the sale of virtual 'credits' used for ship upgrades. The games currently maintain a community of 120,000 players.

According to Zelgor CEO John Fanning Jr., this acquisition is expected to make Zelgor's ongoing operations sustainable through the revenue generated from the established franchise.

Netcapital Inc. (Nasdaq: NCPL) ha annunciato che la sua società in portafoglio, Zelgor, ha acquisito Spellbook Studio, creatori del franchise The Infinite Black. The Infinite Black è un gioco MMO di combattimenti spaziali che ha aperto la strada al gaming MMO su Android nel 2011.

Il franchise comprende due giochi mobili free-to-play in cui i giocatori gestiscono flotte di astronavi e partecipano a battaglie. I ricavi derivano dalla vendita di 'crediti' virtuali utilizzati per potenziare le navi. Attualmente, i giochi vantano una community di 120.000 giocatori.

Secondo John Fanning Jr., CEO di Zelgor, questa acquisizione dovrebbe rendere sostenibili le operazioni in corso di Zelgor grazie ai ricavi generati dal franchise consolidato.

Netcapital Inc. (Nasdaq: NCPL) anunció que su empresa en cartera, Zelgor, ha adquirido Spellbook Studio, creadores de la franquicia The Infinite Black. The Infinite Black es un juego MMO de combate espacial que fue pionero en el gaming MMO para Android en 2011.

La franquicia consta de dos juegos móviles free-to-play donde los jugadores gestionan flotas de naves espaciales y participan en batallas. Los ingresos se generan mediante la venta de 'créditos' virtuales usados para mejorar las naves. Actualmente, los juegos cuentan con una comunidad de 120,000 jugadores.

Según John Fanning Jr., CEO de Zelgor, se espera que esta adquisición haga sostenibles las operaciones continuas de Zelgor gracias a los ingresos generados por la franquicia establecida.

Netcapital Inc. (나스닥: NCPL)은 포트폴리오 회사인 ZelgorSpellbook Studio를 인수했다고 발표했습니다. Spellbook Studio는 The Infinite Black 프랜차이즈의 제작사입니다. The Infinite Black는 2011년 안드로이드 MMO 게임을 개척한 우주 전투 대규모 다중 사용자 온라인 게임(MMO)입니다.

이 프랜차이즈는 플레이어가 우주선 함대를 관리하고 전투에 참여하는 두 개의 무료 모바일 게임으로 구성되어 있습니다. 수익은 함선 업그레이드에 사용되는 가상 '크레딧' 판매를 통해 발생합니다. 현재 이 게임들은 120,000명의 플레이어 커뮤니티를 유지하고 있습니다.

Zelgor의 CEO John Fanning Jr.에 따르면 이번 인수는 확립된 프랜차이즈에서 발생하는 수익을 통해 Zelgor의 지속 가능한 운영을 가능하게 할 것으로 기대됩니다.

Netcapital Inc. (Nasdaq : NCPL) a annoncé que sa société en portefeuille, Zelgor, a acquis Spellbook Studio, les créateurs de la franchise The Infinite Black. The Infinite Black est un jeu MMO de combat spatial qui a été pionnier du gaming MMO sur Android en 2011.

La franchise comprend deux jeux mobiles gratuits où les joueurs gèrent des flottes de vaisseaux spatiaux et participent à des batailles. Les revenus sont générés par la vente de « crédits » virtuels utilisés pour améliorer les vaisseaux. Les jeux comptent actuellement une communauté de 120 000 joueurs.

Selon John Fanning Jr., PDG de Zelgor, cette acquisition devrait permettre de rendre les opérations en cours de Zelgor durables grâce aux revenus générés par cette franchise bien établie.

Netcapital Inc. (Nasdaq: NCPL) gab bekannt, dass seine Portfoliogesellschaft Zelgor Spellbook Studio übernommen hat, die Schöpfer der The Infinite Black-Reihe. The Infinite Black ist ein Weltraumkampf-MMO, das 2011 Pionierarbeit im Android-MMO-Gaming geleistet hat.

Die Reihe besteht aus zwei kostenlosen Mobile Games, in denen Spieler Raumschiff-Flotten verwalten und Schlachten austragen. Einnahmen werden durch den Verkauf virtueller 'Credits' erzielt, die für Schiffs-Upgrades verwendet werden. Die Spiele haben derzeit eine Community von 120.000 Spielern.

John Fanning Jr., CEO von Zelgor, erwartet, dass diese Übernahme die laufenden Geschäfte von Zelgor durch die Einnahmen aus der etablierten Franchise nachhaltig macht.

Positive
  • Acquisition of revenue-generating gaming franchise with 120,000 active players
  • Expected to achieve operational sustainability through acquisition revenue
  • Established monetization model through virtual credits
Negative
  • Revenue figures and acquisition cost not disclosed
  • Dependence on free-to-play model with optional purchases

BOSTON, MA, April 23, 2025 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Netcapital portfolio company, Zelgor, has acquired Spellbook Studio, creators of The Infinite Black & The Infinite Black 2.

The Infinite Black franchise is a space combat Massive Multiplayer Online game (MMO) and was one of the first MMO's to be released on Android in 2011. Players build, collect, manage, and battle their fleet of spaceships as they fight for control of The Infinite Black. Both games are free to play on mobile and generate revenues through the sale of virtual "credits" which can be used to purchase ship upgrades.

“With a community of 120,000 players, this is an opportunity for Zelgor to own and operate a franchise with a devoted following,” said John Fanning Jr., Zelgor CEO. “Through this acquisition, Zelgor now expects to generate enough revenue to make its ongoing operations sustainable.”

The Infinite Black 2 is available for download using the following link: https://linktr.ee/Zelgor

About Zelgor

Zelgor is an interactive entertainment company creating a virtual universe around its unique media franchise, called the Noobs, an army of outlandish aliens exploring the universe. Zelgor investors include famous venture capitalist Tim Draper, co-creator of Guitar Hero, Kai Huang, and the founders of Napster. The Zelgor team holds real-world experience working on successful games like The Sims, Bioshock Infinite, Dungeons & Dragons Online, and many more. To learn more about Zelgor Games, visit zelgor.com.

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contact

800-460-0815 
ir@netcapital.com


FAQ

What is the strategic importance of Zelgor's acquisition of Spellbook Studio for NCPL?

The acquisition provides Zelgor, a Netcapital portfolio company, with a revenue-generating gaming franchise with 120,000 players, potentially making its operations sustainable.

How does The Infinite Black franchise generate revenue?

The games are free to play but generate revenue through the sale of virtual 'credits' that players can use to purchase ship upgrades.

What is the current player base of The Infinite Black franchise?

The franchise has a community of 120,000 players.

When was The Infinite Black first released and what makes it significant?

The Infinite Black was one of the first MMO games released on Android in 2011, pioneering mobile MMO gaming.
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