Overview

• Atari’s directed share issue involves subscribing to 333,333,334 new ordinary shares at SEK 0.15 apiece to secure about 82 percent of Thunderful’s share capital.
• The Swedish Securities Council granted Atari an exemption from mandatory bid rules, enabling the transaction without an offer for the remaining shares.
• Thunderful’s board, along with key investors Owe Bergsten and Brjann Sigurgeirsson—who hold 29.9 percent—have unanimously backed the deal and will vote in favor at the August 28 meeting.
• If approved, the SEK 50 million investment will be financed using Atari’s own resources or through a potential loan from IRATA LLC, the holding company of Atari CEO Wade Rosen.
• Thunderful has launched a cost-cutting restructuring plan and will transition CEO Martin Walfisz out of his role by December 31, 2025, to restore profitability and strengthen operations.