DarkIris (DKI) Registration filing summary

Company overview and business model

• Operates as a Cayman Islands holding company with subsidiaries in Hong Kong, mainland China, Singapore, and the US, focusing on mobile digital game development, publishing, and operation, as well as AI-generated content (AIGC) services.

• Core business includes self-developed and licensed mobile games, with a recent strategic expansion into AI-driven content creation for gaming and film/TV sectors.

• Hong Kong subsidiaries handle most operations and revenue, while the Singapore subsidiary leads global R&D for AIGC.

• Revenue is primarily generated from in-game purchases, with a mix of self-developed and third-party licensed games.

• Recent launches include an AIGC video platform and plans for an AI-enabled film production platform, Cine3.AI.

Financial performance and metrics

• Revenue for the six months ended March 31, 2026, increased by 13.9% to $5.93 million, with gross profit up 20.9% to $1.76 million compared to the same period in 2025.

• For the years ended September 30, 2025 and 2024, revenue was $10.0 million and $7.9 million, respectively, all from in-game purchases.

• As of March 31, 2026, net tangible book value was $4.9 million ($3.88 per share); post-offering, as-adjusted net tangible book value would be $14.1 million ($2.41 per share).

Use of proceeds and capital allocation

• Net proceeds (estimated at $4.59 million if fully subscribed) will be used for team expansion, product development, working capital, and general corporate purposes.

• Management has broad discretion over the use of proceeds; actual allocation may vary based on business needs.

• No expectation of proceeds from warrant exercises due to the zero exercise price option.