Atari Announces Loan Refinancing and Capital Increase

Atari, a leading brand in interactive entertainment, has revealed a refinancing of loans and a capital increase. Approved by its Board on August 16, this move involves converting €10.3 million in loans from IRATA LLC into 428,649 new shares, priced at €24 each. Additionally, €5.6 million of loans with private partners will convert into 235,088 shares. These actions enhance Atari's financial standing without altering cash flow.

A cash subscription from executive team members raises further capital, issuing 157,762 new shares at the same price, totaling €3.8 million. The overall issuance of 821,499 shares represents a strategic financial approach for Atari, maintaining share price stability and increasing IRATA LLC's influence to 42.6% of share capital.