(Boursier.com) — Listing of shares Atari is suspended this Friday on Euronext Growth Paris, at the request of the company, pending the publication of a press release and until further notice.
A statement relayed by the Financial Markets Authority now lifts the mystery. Thus, by letter received on September 23, 2022, the company incorporated under American law (State of Colorado) Irata LLC amended its declaration of intent as follows: “The company Irata LLC declares: Mr. Wade J. Rosen is acting alone and plans to pursue acquisitions of Atari shares subject to market conditions; Mr. Wade J. Rosen now plans to acquire control of Atari ; In this context, discussions are ongoing between Irata LLC and Atari regarding a possible proposed voluntary public offering which would be deposited by Irata LLC on Atari titles not already held by Irata LLC. Irata LLC specifies that the ongoing discussions have not yet been concluded and that it will inform the AMF and the market as soon as an agreement relating to such an offer has been reached. The proposed takeover of Atari by Mr. Wade J. Rosen is part of his desire to support Atari’s strategy”.
The rest of the previously published statement of intent remains unchanged.
The previous declaration of intent dates back to the beginning of April. Irata LLC had crossed the thresholds of 20% of the capital and voting rights of Atari at the end of March, to hold 21.37% of the capital and 21.18% of the rights. Wade J. Rosen then declared acting alone and considering pursuing acquisitions of Atari shares according to market conditions, but not considering acquiring control of Atari. He also said he supported the issuer’s transfer to Euronext Growth.
Atari currently capitalizes just under 50 million euros on the stock market, down 64% since the start of the year.
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