TCM|Strategic Comments on its Agreement to Acquire $53.5 Million of Digimarc Corporation Common and Convertible Preferred Equity

CORAL GABLES, Fla., Sept. 29, 2020 /PRNewswire/ — TCM|Strategic announced today it has agreed to acquire $53.5 million of common and convertible preferred equity in Digimarc Corporation (NASDAQ: DMRC).  For more details on the transaction, please see today’s press release from Digimarc.

TCM|Strategic’s decision to make this investment was the result of two conclusions:

  • The Legacy Business and the Growth Business are each worth more today than the current enterprise value of the entire company.
  • The Growth Business has not only the opportunity but also the high likelihood of being worth significantly more in the future.

For those interested, this deck contains detailed work in support of these points.

This financing provides Digimarc with enough capital to ensure the continued acceleration of growth in the Barcode business.  Furthermore, it should be sufficient to fund the company through profitability, even assuming the most conservative macro and micro scenarios. 

Therefore, we

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First Live Gameplay, Staff Comments

First live gameplay for Disgaea 6: Defiance of Destiny, which will include an up to 32X speed Auto Mode, and a Repeat Mode for easier grinding.

Game live Japan, the TGS 2020 streams of Famitsu and Dengeki Online, revealed new details on Disgaea 6: Defiance of Destiny coming to PS4 and Switch, with first live gameplay. The stream featured Nippon Ichi Software President Sohei Shinkawa, commenting and explaining the game. Be sure to read the previously revealed info on Disgaea 6 before delving further in. All the details and gameplay sequences are included below.

Disgaea 6 has its introduction in media res, with some narration stating that the strongest god of destruction, which protagonist Zet is trying to defeat, was actually just defeated by someone else. And no one knows who did it and how.

The game then quickly introduces Zet and Cerberos, and

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