What this is
Niantic Spatial’s share issue on 29 May 2025, the day the Scopely sale closed: about $248m of shares to 256 holders.
How it’s built
- Read from Niantic Spatial’s Form D filed with the US Securities and Exchange Commission on 13 June 2025, which flags it as part of a business combination.
What we assumed
Nothing. The figure is used as published.
Sanity check
Consistent with shares being handed to Niantic’s existing holders in the spin-off. It names no holders, and Nintendo’s own register shows no Niantic Spatial shares.
Where it comes from
The line in the source
<totalAmountSold>247999829</totalAmountSold> <isBusinessCombinationTransaction>true ... <totalNumberAlreadyInvested>256
In English
Niantic Spatial, Inc. (CIK 2072158, incorporated 2024) issued $248.0m of equity to 256 holders on 2025-05-29, flagged as a business-combination transaction: consistent with a share issuance to Niantic's legacy holders on the spin-off. Does not name holders.