Atari SA Announces Debt Repayment Through Capital Increase, Issuing New Shares to Settle €13.9 Million Loan from IRATA LLC

Reuters
Aug 08
<a href="https://laohu8.com/S/PONGF">Atari</a> SA Announces Debt Repayment Through Capital Increase, Issuing New Shares to Settle €13.9 Million Loan from IRATA LLC

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atari SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001121889-en) on August 07, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10