{"id":66721,"date":"2026-04-06T20:58:42","date_gmt":"2026-04-06T20:58:42","guid":{"rendered":"https:\/\/profaj.co\/denememanay\/?post_type=case-studies&#038;p=66721"},"modified":"2026-04-13T18:03:48","modified_gmt":"2026-04-13T22:03:48","slug":"pine-games-x-manay-cpa","status":"publish","type":"case-studies","link":"https:\/\/profaj.co\/denememanay\/case-studies\/pine-games-x-manay-cpa\/","title":{"rendered":"Pine Games x Manay CPA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"66721\" class=\"elementor elementor-66721\" data-elementor-post-type=\"case-studies\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27a0267 e-flex e-con-boxed e-con e-parent\" data-id=\"27a0267\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1d09762 e-con-full e-flex e-con e-child\" data-id=\"1d09762\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3554e41 e-con-full e-flex e-con e-child\" data-id=\"3554e41\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6c95dcd elementor-widget elementor-widget-text-editor\" data-id=\"6c95dcd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<nav class=\"smart-breadcrumbs\" aria-label=\"breadcrumb\" itemscope itemtype=\"https:\/\/schema.org\/BreadcrumbList\"><ol class=\"smart-breadcrumbs__list\"><li class=\"smart-breadcrumbs__item\" itemprop=\"itemListElement\" itemscope itemtype=\"https:\/\/schema.org\/ListItem\"><span class=\"smart-breadcrumbs__current\" itemprop=\"name\" aria-current=\"page\">Home<\/span><meta itemprop=\"position\" content=\"1\" \/><\/li><\/ol><\/nav>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e233e3e e-con-full e-flex e-con e-child\" data-id=\"e233e3e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1053ebd e-con-full e-flex e-con e-child\" data-id=\"1053ebd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-8ef7207 e-con-full e-flex e-con e-child\" data-id=\"8ef7207\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46de61b elementor-widget elementor-widget-image\" data-id=\"46de61b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1756\" height=\"372\" src=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay.png\" class=\"attachment-full size-full wp-image-67844\" alt=\"\" srcset=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay.png 1756w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay-300x64.png 300w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay-1024x217.png 1024w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay-768x163.png 768w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay-1536x325.png 1536w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineXmanay-650x138.png 650w\" sizes=\"(max-width: 1756px) 100vw, 1756px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9a9a1a elementor-widget elementor-widget-heading\" data-id=\"b9a9a1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pine Games \u2013 Equity Investment Success Story\u200b<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d021ec elementor-widget elementor-widget-text-editor\" data-id=\"3d021ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pine Games, a Turkey-based gaming company, partnered with Manay CPA to grow in the U.S. market. Structured as a Delaware C-Corp, the company successfully raised $2,249,996 through equity investment from venture capitalists. At Manay CPA, we successfully managed the company&#8217;s corporate structuring in the U.S., all VC-side paperwork processes, and financial advisory services throughout the investment process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e984f62 e-con-full e-flex e-con e-child\" data-id=\"e984f62\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2cb7a2f elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"2cb7a2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How We Helped:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a4c221 elementor-widget__width-auto elementor-widget elementor-widget-button\" data-id=\"4a4c221\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Business Formation<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ce4da5 elementor-widget__width-initial elementor-widget elementor-widget-button\" data-id=\"1ce4da5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-size-sm\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">VC Advisory<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2472a18 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"2472a18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"550\" height=\"610\" src=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineLast.png\" class=\"attachment-2048x2048 size-2048x2048 wp-image-67930\" alt=\"\" srcset=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineLast.png 550w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineLast-270x300.png 270w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2d4e774 e-flex e-con-boxed e-con e-parent\" data-id=\"2d4e774\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f00a2b6 e-con-full e-flex e-con e-child\" data-id=\"f00a2b6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-849b218 e-con-full e-flex e-con e-child\" data-id=\"849b218\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b889a51 elementor-widget elementor-widget-image\" data-id=\"b889a51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"2560\" height=\"741\" src=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig.png\" class=\"attachment-full size-full wp-image-67849\" alt=\"\" srcset=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig.png 2560w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-300x87.png 300w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-1024x296.png 1024w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-768x222.png 768w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-1536x445.png 1536w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-2048x593.png 2048w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/pineBig-650x188.png 650w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0ba34aa e-con-full e-flex e-con e-child\" data-id=\"0ba34aa\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-b28a0cd e-con-full e-flex e-con e-child\" data-id=\"b28a0cd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8be51c9 elementor-widget elementor-widget-heading\" data-id=\"8be51c9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Industry<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d03d5a elementor-widget elementor-widget-heading\" data-id=\"3d03d5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Gaming<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05836a8 e-con-full e-flex e-con e-child\" data-id=\"05836a8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e808ef2 elementor-widget elementor-widget-heading\" data-id=\"e808ef2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Headquarters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65c25d1 elementor-widget elementor-widget-heading\" data-id=\"65c25d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Delaware, US<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a397bea e-con-full e-flex e-con e-child\" data-id=\"a397bea\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b94f751 elementor-widget elementor-widget-heading\" data-id=\"b94f751\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Founded<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c53b9db elementor-widget elementor-widget-heading\" data-id=\"c53b9db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">-<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f11bd6f e-con-full e-flex e-con e-child\" data-id=\"f11bd6f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a6ca343 elementor-widget__width-inherit elementor-widget elementor-widget-heading\" data-id=\"a6ca343\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Company Size<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9906fd9 elementor-widget elementor-widget-heading\" data-id=\"9906fd9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Growth Stage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8bb6a83 e-con-full e-flex e-con e-child\" data-id=\"8bb6a83\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-79d0e0b e-con-full e-flex e-con e-child\" data-id=\"79d0e0b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-130f2dc elementor-widget elementor-widget-heading\" data-id=\"130f2dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key Markets<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e200e71 elementor-widget elementor-widget-heading\" data-id=\"e200e71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Global<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8729b6e e-con-full e-flex e-con e-child\" data-id=\"8729b6e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a821c3 elementor-widget elementor-widget-heading\" data-id=\"7a821c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Growth Stage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3aa2a7 elementor-widget elementor-widget-heading\" data-id=\"c3aa2a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Equity Round<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-15b4175 e-con-full e-flex e-con e-child\" data-id=\"15b4175\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b6e11cc elementor-widget elementor-widget-heading\" data-id=\"b6e11cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Website<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32df092 elementor-widget elementor-widget-heading\" data-id=\"32df092\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">-<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2957135 e-con-full e-flex e-con e-child\" data-id=\"2957135\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ca9a853 e-flex e-con-boxed e-con e-child\" data-id=\"6ca9a853\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3f1ab22b e-con-full e-flex e-con e-child\" data-id=\"3f1ab22b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;],&quot;sticky_offset&quot;:30,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e46e3f8 elementor-widget elementor-widget-table-of-contents\" data-id=\"3e46e3f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h6&quot;],&quot;container&quot;:&quot;.content-wrapper&quot;,&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h5 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h5>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__3e46e3f8\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-27def53b e-con-full e-flex e-con e-child\" data-id=\"27def53b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4f5a9e30 e-con-full content-wrapper e-flex e-con e-child\" data-id=\"4f5a9e30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d909cc1 elementor-widget elementor-widget-heading\" data-id=\"7d909cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">About the Case<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-716013bb elementor-widget elementor-widget-text-editor\" data-id=\"716013bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pine Games is a successful Turkish gaming company that was structured as a Delaware C-Corp in the U.S. and received equity-based investment from venture capital investors. A total of $2,249,996 in equity investment was successfully completed.<\/p><p>Manay CPA provided comprehensive financial advisory services from corporate structuring in the U.S. through all stages of the equity investment process. The detailed valuation work, share purchase agreement preparation, and investor rights arrangements required by equity-based investment were meticulously managed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1335db elementor-widget elementor-widget-heading\" data-id=\"f1335db\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Challanges<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67d988ce elementor-widget elementor-widget-text-editor\" data-id=\"67d988ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pine Games&#8217; primary challenges included the complex legal structure of the equity investment process. Equity-based investments required detailed negotiation and documentation around valuation, share class structuring, and investor rights (pro-rata, anti-dilution, board seats).<\/p><p>Additionally, optimal tax structuring under the Turkey-U.S. double taxation treaty, cap table management, and establishing corporate governance standards were significant challenges.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4006f103 elementor-widget elementor-widget-image\" data-id=\"4006f103\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/viking.png\" class=\"attachment-large size-large wp-image-67919\" alt=\"\" srcset=\"https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/viking.png 512w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/viking-300x300.png 300w, https:\/\/profaj.co\/denememanay\/wp-content\/uploads\/2026\/04\/viking-150x150.png 150w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2069ecb3 elementor-widget elementor-widget-heading\" data-id=\"2069ecb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Solutions<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f62d7b elementor-widget elementor-widget-text-editor\" data-id=\"4f62d7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At Manay CPA, we handled the Delaware C-Corp formation for Pine Games. We conducted comprehensive valuation work for the equity investment process and prepared the share purchase agreement and shareholders agreement documents.<\/p><p>We played an active role as financial advisors in negotiations with VCs and ensured the successful closing of the $2,249,996 equity investment. We provided ongoing support in 409A valuation, tax compliance, financial reporting, and corporate governance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-61600eae e-flex e-con-boxed e-con e-parent\" data-id=\"61600eae\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1b302d48 e-con-full e-flex e-con e-child\" data-id=\"1b302d48\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-63347007 e-con-full e-flex e-con e-child\" data-id=\"63347007\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5904b8df elementor-widget elementor-widget-heading\" data-id=\"5904b8df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get Free Consultation\u200b<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-399e2cee elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"399e2cee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>With tools to make every part of your process more human and a support team excited to help you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4557eea5 e-con-full e-flex e-con e-child\" data-id=\"4557eea5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-463d1be landform elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"463d1be\" data-element_type=\"widget\" data-e-type=\"widget\" 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elementor-col-50 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t<label for=\"form-field-field_2939d5d\" class=\"elementor-field-label elementor-screen-only\">\n\t\t\t\t\t\t\t\tEmail\t\t\t\t\t\t\t<\/label>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[field_2939d5d]\" id=\"form-field-field_2939d5d\" class=\"elementor-field elementor-size-lg  elementor-field-textual\" placeholder=\"Email\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-100 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-sm\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"22\" height=\"23\" viewBox=\"0 0 22 23\" fill=\"none\"><path d=\"M15.5833 6.39258C16.0896 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