Recent Updates — FIRY
On October 15, 2026, Firy Inc. completed the redemption of its entire outstanding balance of $49,671,000 aggregate principal amount of 10.250% Secured Notes due 2026. The company paid a redemption price equal to 100.000% of the principal amount plus accrued and unpaid interest up to but excluding the redemption date. Following this transaction, no notes remain outstanding. Firy Inc., formerly known as Skillz Inc., operates in the mobile gaming platform industry.
Firy Inc. delivered notice on October 5, 2026, to fully redeem its outstanding 10.25% Secured Notes due 2026 on October 15, 2026, at a price of 100% of principal plus accrued interest. This transaction retires the remaining $49.7 million in debt, completing the repayment of the total $300 million note issuance ahead of maturity. The company intends to fund this redemption using proceeds from the sale of its equity stake in Exit Games. Upon completion, Firy Inc. will have no outstanding indebtedness for borrowed money and will release liens securing the notes. This move eliminates future debt service obligations, saving approximately $3.6 million in cash interest through December 2026. Firy Inc. operates as a global holding company with interests in gaming platforms including Skillz, RZR, and Beamable.
Firy Inc. completed the sale of all 14,708 shares it held in Exit Games GmbH to the company itself on October 2, 2026, receiving $55 million in cash consideration. This transaction represents a full exit from the investment originally acquired in July 2021 for $50 million, yielding a gross return of approximately 1.1x. The sale allows Firy to realize fully liquid proceeds and remove its minority stake, which represented about 10.5% of Exit Games' outstanding capital, from its balance sheet. Firy Inc. is a global holding company operating at the intersection of content, identity, commerce, and performance marketing.
Firy Inc. announced that Gary Vecchiarelli will resign from the Board, including his roles on the Audit and Compensation Committees, effective October 1, 2026. The resignation is not due to disagreements regarding operations or policies. Concurrently, the Board appointed Marc Lasry as an independent director to fill the vacancy, also effective October 1, 2026. Vecchiarelli will transition to the role of Board Advisor. Lasry is the Chairman, CEO, and Co-Founder of Avenue Capital Group, a global investment firm with approximately $9.2 billion in assets under management focused on specialty lending and credit investing. He previously invested in the company when it was known as Skillz Inc. Firy Inc. operates as a global holding company at the intersection of content, identity, commerce, and performance marketing.
On August 14, 2026, Firy Inc. redeemed $80.0 million in aggregate principal amount of its 10.250% Secured Notes due 2026 at a redemption price of 100.000% of the principal amount plus accrued interest. Following this transaction, $49,671,000 in aggregate principal amount of the Notes remains outstanding. Firy Inc. is a technology company that provides mobile gaming platforms.