Atari SA, a renowned name in the interactive entertainment industry, has announced a significant financial maneuver involving the repayment of loans amounting to €13.9 million to Irata LLC through a capital increase. This decision, unanimously approved by Atari's Board of Directors, involves issuing 97,718,187 new shares to Irata LLC, the holding company of Atari's Chairman and CEO, Wade Rosen. This move is part of a strategic effort to manage the company's financial obligations, with the newly issued shares representing 21% of Atari's share capital. Following this transaction, Irata LLC's ownership will increase to 41.7% of the share capital and 39.5% of the voting rights. This repayment reduces the outstanding loan amount from Irata LLC to approximately €10 million.
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