---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-26-000106"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2026-10-05T21:21:22+00:00"
generated_at: "2026-10-12T16:39:39.626920+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Firy sells Exit Games stake back for $55M cash, ~1.1x on its $50M 2021 investment

## Summary
- $55.0M cash sale of 14,708 Exit Games shares, ~10.5% of Exit Games' outstanding capital; closed October 2, 2026, proceeds received in full.
- Firy bought the stake for $50M in July 2021 under former name Skillz Inc.; sale is above purchase price at ~1.1x realized.
- Company cites 2021-vintage US VC funds' 0.05x average DPI at five years; FIRY's return is ~22x that benchmark (PitchBook, Aug. 6, 2026).
- CEO Andrew Paradise: cash back on the balance sheet 'gives FIRY optionality in our other endeavors'; Exit Games is the Hamburg-based developer of Photon networking tech.

## SEC filing metadata
- accession: 0001801661-26-000106
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2026-10-05T21:21:22+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166126000106/0001801661-26-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166126000106/sklz-20261002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-26-000106
- JSON: https://secwatch.observer/filing/0001801661-26-000106.json
- Plain text: https://secwatch.observer/filing/0001801661-26-000106.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.