Wasteland 3 Fig Shares Get SEC Approval, inXile Boss to Step Down Following the Game’s Release
inXile Entertainment’s Wasteland 3 has been a crowdfunding success as it accumulated more than $3.1 million in funding and investment reservations from 17,707 fans. Fig, which allows fans to invest in game shares, has now announced in a press release that Wasteland 3‘s shares have been approved by the United States Securities and Exchange Commission (SEC). What this simply means is that fans and backers who want to benefit from the game’s financial success can now own a stake.
“Fig Publishing, Inc. will soon reach out to investors with details to complete their investments online,” wrote the company. “Backers should review the offering circular for Fig Game Shares – WL3 that will be available on Fig’s website and the SEC’s website.”
In related news, inXile CEO Brian Fargo has announced that he’ll be retiring from the industry as soon as Wasteland 3 ships in 2019. In an interview with Eurogamer last week, Brian – who has been in the industry since 1981 – has said that it seems like a good time to “drop the mic.”
Wasteland 2 and Torment both came out great. The Mage’s Tale’s got a great buzz. The Bard’s Tale 4 looks spectacular. Wasteland 3 is building on Wasteland 2. It seems like a good time to drop the mic.
Fargo has worked on a number of successful titles including Fallout. He founded inXile in late 2002.