ULTIMAX DIGITAL, INC.

General Information
Business:

Ultimax Digital, Inc., a Delaware corporation, was incorporated on April 26, 2018, under the name Ultimas, Inc., to solve some of the most significant problems facing video game developers desiring to implement the capability to offer in-game purchases in their video game. In 2020, we pivoted our focus to the publishing of video games, and in 2021, we increased our focus to include the development of a Non-Fungible Token marketplace and technology infrastructure to allow other video game developers the ability to add in-game NFT minting by game players.

 

 

We aim to combine (the) element of a video game studio/publisher (“Ultimax Game Studio”), a marketplace for Non-Fungible Tokens (“Ultimax NFT Marketplace”), an NFT creation middleware developer (“Ultimax NFT Toolkit”), and an NFT studio which produces NFTs to sell in our Ultimax NFT Marketplace (“Ultimax NFT Studio”), and a payment processing platform. We believe that we will offer significant exposure to the rapidly growing and potentially transformative video game and NFT markets, while mitigating downside risk via our diversified model.

Leveraging our different elements, we look to cultivate and manage our various business components with the goal of leveraging collaboration and joint go-to-market strategies, such as our planned joint launch of our Ultimax NFT Marketplace and our new free to play video game called StoneHold.

While the video game industry is mature in sense that it employs customary business models and revenue strategies, the NFT industry is an early-stage industry with nascent markets, business strategies and revenue models. We believe that the NFT industry has significant growth potential, and that our NFT platform and ecosystem will create an important competitive advantage.

The Ultimax Game Studio is focused on game acquisition and re-development. Our Game Studio strategy is to mitigate the risks associated with video game development by acquiring fully developed or nearly completed, high-quality video games from distressed development studios. By doing so, we seek to dramatically reduce the cost of game development and time to market, and reduce the risks associated with market acceptance. In selecting games to acquire, we also seek to balance the “hit” potential of premium games with the steady, substantial revenue opportunities of Free to Play (F2P) games.

 

 

Our experienced team of video game industry veterans has successfully acquired the publishing rights to two high-quality, franchise video games We have successfully launched our first game, Geminose, on a worldwide basis. Our second game, Stonehold, will launch in the first quarter of 2022.

 

**Note: Revenue and net loss figures are for the 12 months that ended Sept. 30, 2022.

**Note: Ultimax Digital had no revenue for the nine months that ended Sept. 30, 2022, as well as for the year that ended Dec. 31, 2021, and the year that ended Dec.31, 2020, for this reason, according to the prospectus: “The company was still developing its product line and had yet to launch any products.” 

 

(Note: Ultimax Digital Inc. filed an S-1/A dated Nov. 25, 2022, in which it disclosed updated financial figures for the nine months that ended Sept. 30, 2022. Ultimax Digital Inc. filed an S-1/A dated  Nov. 14, 2022, in which it increased its IPO by adding 1.75 million shares to be sold by selling stockholders – bringing the IPO’s size up to 3.75 million from 2.5 million shares initially. The price range remained the same at $4.00 to $5.00. Ultimax Digital Inc. filed its S-1 on Sept. 21, 2022.)

Industry: Services - Prepackaged Software
Employees: 0
Founded: 2018
Contact Information
Address 420 Lexington Avenue Suite 2320 New York, NY 10170
Phone Number (212) 661-6800
Web Address http://www.ultimaxdigital.com/
View Prospectus: ULTIMAX DIGITAL, INC.
Financial Information
Market Cap
Revenues $0 mil (last 12 months)
Net Income $-1.11 mil (last 12 months)
IPO Profile
Symbol NFTX
Exchange NASDAQ
Shares (millions): 3.8
Price range $4.00 - $5.00
Est. $ Volume $17.0 mil
Manager / Joint Managers WestPark Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change