Thunderful shareholders approve directed share issue to Atari
Paris, France (January 26, 2026 - 6:00 pm CET) -Atari (Euronext Growth Paris: ALATA) - one of the world's most iconic consumer brands and interactive entertainment producers - today announces that the Extraordinary General Meeting of Thunderful Group AB (publ) ("Thunderful") held on January 26, 2026, has approved the directed share issue of SEK 35 million to Atari (approx. $3.8 million), resulting in Atari owning 90.2% of the capital of Thunderful.
Following registration of the new shares to be issued by Thunderful in the Directed Share Issue, Atari will request that the Board of Directors of Thunderful applies for the delisting of Thunderful's shares from Nasdaq First North Growth Market in Stockholm and request compulsory redemption of the minority shareholders' shares.
OFFER TO ACQUIRE REMAINING MINORITY SHARES IN THUNDERFUL
Following, and subject to, a delisting of the shares of Thunderful from Nasdaq First North Growth Market, Atari will offer to acquire all shares in Thunderful not already held by Atari at an offering price of SEK 0.30 per share (the "Offer"). This offering price corresponds to a premium of approximately 61% compared to the closing price of Thunderful shares of SEK 0.1865 on 18 December 2025 when the Transaction was announced, and a premium of 100% compared to the price per share paid by Atari in Thunderful's directed share issue carried out on 28 August 2025.
REDEMPTION PROCEDURE
Atari will also request to initiate a compulsory redemption procedure under Chapter 22 of the Swedish Companies Act (Sw. Aktiebolagslagen) for purposes of acquiring all remaining minority shares which are not tendered in the Offer, with a requested redemption amount of SEK 0.30 per share (i.e., same price as in the Offer). The redemption procedure will result in Atari holding 100% of the shares in Thunderful.
The transaction has been financed with a new loan agreement with IRATA LLC, the holding Company of Wade Rosen, Chairman and CEO of Atari, SA.
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. The Atari family of brands includes game developers Digital Eclipse and Nightdive Studios, the publishing label Infogrames, and the community-based sites AtariAge and MobyGames. Visit us online atwww.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 87 39 98 28 - investisseur@atari-sa.com |www.atari.com/news/
Actus Finance & Communication - Marie Calleux
Tel + 33 1 53 65 68 66 - atari@actus.fr
Listing Sponsor - Euroland Corporate
Tel +33 1 44 70 20 84 - Julia Bridger - jbridger@elcorp.com
IMPORTANT INFORMATION
This press release does not constitute an offer to sell or an offer, or the solicitation of an offer, to acquire or subscribe for shares issued by the company in any jurisdiction. This press release is not a prospectus for the purposes of the Prospectus Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. The company has not authorized any offer to the public of shares or rights in any Member State of the EEA and there is no intent to prepare and publish a prospectus in connection with the contemplated transactions.
This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with the contemplated transactions. Any investment decision with respect to the transactions contemplated by this press release must be made on the basis of all publicly available information, including what the company intends to publish in connection with the transactions. Each investor or potential investor in the company's shares should conduct a self-examination, analysis and evaluation of the business and information described in this press release and any publicly available information, including such that the company intends to publish in connection with the contemplated transactions.
Cautionary Note Regarding Forward Looking Statements
The statements contained herein, which are not historical facts, including statements relating to Atari's outlook, are considered forward-looking statements and may be identified by words such as "anticipates," "believes," "expects," "intends," "plans," "projects," "seeks," "should," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for our future business and financial performance.
Such forward-looking statements are based on the current beliefs of our management as well as assumptions made by and information currently available to them, which are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from these forward-looking statements based on a variety of risks and uncertainties including risks relating to the timely release and significant market acceptance of our games; the risks of conducting business internationally, including as a result of unforeseen geopolitical events; the impact of changes in interest rates by the Federal Reserve and other central banks; the impact of inflation; and the ability to maintain acceptable pricing levels on our games.
Other important factors and information are contained in Atari's Universal Registration Document, including the risks summarized in the section entitled "Risk Factors," and Atari's other periodic regulatory filings, which can be accessed at https://atari-investisseurs.fr/en/. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. Atari undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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