(AOF) – Atari has announced the success of its capital increase of 12.5 million euros, with maintenance of preferential subscription rights for all shareholders, launched on March 15, 2022. The proceeds of the capital increase will be used to strengthen the company’s financial structure by reimbursing shareholders’ current accounts, clearing its working capital by paying its short-term debts and providing the financial flexibility to deploy new growth levers.
In accordance with its commitment, Irata LLC, the main shareholder of the company, subscribed to the capital increase, in cash and by offsetting debt. After completion of the capital increase, Irata now owns 21.37% of Atari’s capital.
AOF – LEARN MORE
The metaverse revolution –
Ubisoft has taken a first step in the realization of its metaverse through the launch of Ubisoft Quartz, a platform where players can obtain virtual objects certified and traceable on a blockchain. New players have raised hundreds of millions of dollars in recent months. Their games (“Axie Infinity” or “Blankos Block Party”), still confidential, allow users to own their avatars or plots of virtual land, which they can then resell to other players. Niantic, publisher of the video game “Pokémon Go”, has just raised 300 million dollars to finance firms operating in the metaverse. The company quickly positioned itself on this technology from which “Pokémon Go” is derived, which has generated more than 5 billion dollars in revenue since its release.