AI assistant
Atari S.A. Share Issue/Capital Change 2025
1123_iss_2025-08-07_aa775d0e-0325-4f3d-9f07-d4d73a3aa7cd.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
{0}------------------------------------------------
Capital increase in relation to the repayment in shares of loans from IRATA LLC
PARIS, FRANCE (August 7, 2025 - 6.00 pm CET) - Atari® (Euronext Growth Paris: ALATA) — one of the world's most iconic consumer brands and interactive entertainment producers — today announces the repayment of €13.9 million loans previously granted to Atari SA by Irata LLC, the holding company of Wade Rosen, Chairman and Chief Executive Officer of Atari SA, through a capital increase reserved to IRATA LLC. The repayment in Atari SA new shares and the reserved capital increase have been approved unanimously by the Board of Directors¹ of Atari, SA pursuant to the authorization granted by the shareholders meeting held on September 24, 2024 (Resolution 12).
The loans which are repaid, had been granted on January 31, 2024, March 4, 2024, April 10, 2024, July 22, 2024, July 31, 2024, January 3, 2025 and January 31, 2025 for a total amount (principal and interest) of €13.9 million and bearing an annual interest of 10%. Upon repayment of the loans, 97,718,187 new shares (representing 21% of Atari, SA share capital) will be issued with no discount on the share price² and will be admitted to trading. As a result, the total number of outstanding shares will be 559,082,939.
Following this capital increase, IRATA LLC will hold 41.7% of the share capital and 39.5% of the voting rights3. After this repayment, the outstanding amount of loans granted by IRATA LLC to Atari, SA and its subsidiaries represent approximately €10M in principal amount.
Breakdown of capital, before capital increase
| June 30, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Ownership | Number of shares |
% | Theoretical voting rights | % | Exercisable voting rights | % | ||
| Irata LLC | 135,379,861 | 29.3% | 135,979,861 | 27.3% | 135,979,861 | 27.5% | ||
| Stephen Kick | 31,463,004 | 6.8% | 62,926,008 | 12.6% | 62,926,008 | 12.7% | ||
| Mr Alexandre Zyngier | 3,779,778 | 0.8% | 4,830,807 | 1.0% | 4,830,807 | 1.0% | ||
| Treasury shares | 3,253,426 | 0.7% | 3,253,426 | 0.7% | 0 | 0.0% | ||
| Public | 287,488,683 | 62.3% | 290,559,871 | 58.4% | 290,559,871 | 58.8% | ||
| Total | 461,364,752 | 100.0% | 497,549,973 | 100.0% | 494,296,547 | 100.0% |
Breakdown of capital, after capital increase
| Post capital increase | ||||||||
|---|---|---|---|---|---|---|---|---|
| Ownership | Number of shares | % | Theoretical voting rights | % | Exercisable voting rights | % | ||
| Irata LLC | 233,098,048 | 41.7% | 233,698,048 | 39.3% | 233,698,048 | 39.5% | ||
| Stephen Kick | 31,463,004 | 5.6% | 62,926,008 | 10.6% | 62,926,008 | 10.6% | ||
| Mr Alexandre Zyngier | 3,779,778 | 0.7% | 4,830,807 | 0.8% | 4,830,807 | 0.8% | ||
| Treasury shares | 3,253,426 | 0.6% | 3,253,426 | 0.5% | 0 | 0.0% | ||
| Public | 287,488,683 | 51.4% | 290,559,871 | 48.8% | 290,559,871 | 49.1% | ||
| Total | 559,082,939 | 100.0% | 595,268,160 | 100.0% | 592,014,734 | 100.0% |
<sup>1 Mr Wade Rosen abstained from participating in the decision of the Board of Directors
<sup>2 New Atari shares issued on the basis of a 3-day VWAP as of 31 July 2025 of €0.1450
<sup>3 In addition, IRATA LLC holds 195,163,398 convertible bonds
{1}------------------------------------------------
About ATARI
Atari is an interactive entertainment company and an iconic gaming industry brand that transcends generations and audiences. The company is globally recognized for its multi-platform, interactive entertainment and licensed products. Atari owns and/or manages a portfolio of more than 400 unique games and franchises, including world-renowned brands like Asteroids®, Centipede®, Missile Command®, Pong®, and RollerCoaster Tycoon®. Atari has offices in New York and Paris. Visit us online at www.Atari.com.
Atari shares are listed in France on Euronext Growth Paris (ISIN Code FR0010478248, Ticker ALATA) and OTC Pink Current (Ticker PONGF).
©2025 Atari Interactive, Inc. Atari wordmark and logo are trademarks owned by Atari Interactive, Inc.
Contacts
Atari - Investor Relations Tel +33 1 83 64 61 57 - [email protected] | www.atari.com/news/
Actus finance & communication - Marie Calleux Tel +33 1 53 65 68 68 – [email protected]
Listing Sponsor - Euroland Corporate Tel +33 1 44 70 20 84 - Julia Bridger - [email protected]
DISCLAIMER
This press release contains certain non-factual elements, including but not restricted to certain statements concerning its future results and other future events. These statements are based on the current vision and assumptions of Atari's leadership team. They include various known and unknown uncertainties and risks that could result in material differences in relation to the expected results, profitability and events. In addition, Atari, its shareholders and its respective affiliates, directors, executives, advisors and employees have not checked the accuracy of and make no representations or warranties concerning the statistical or forward-looking information contained in this press release that is taken from or derived from third-party sources or industry publications. If applicable, these statistical data and forward-looking information are used in this press release exclusively for information.