(CercleFinance.com) – Atari announced on Monday the implementation of a whole series of measures aimed at strengthening its balance sheet and carrying out a consolidation of shares, with a view to a project of transfer of listing on Euronext Growth.
The interactive entertainment company – which is currently preparing a recapitalization of around 22 to 25 million euros – says it is considering, in the wake of this fundraising, a transfer to this market segment considered more appropriate to its current size.
This choice should also allow it to reduce its compliance burden.
This transfer of listing could also be preceded or followed by a reverse stock split, in order to enhance the attractiveness of the shares and limit their volatility.
The group – which is having difficulties with ICICB in the execution of the licenses – adds that it could have to terminate the corresponding contracts, which would lead to a depreciation of up to 11.4 million dollars.
In addition, Atari is currently appealing an unfavorable decision in an intellectual property defense case and contesting a claim for fees and costs of more than two million dollars.
Following all these announcements, the title fell by almost 8% in the middle of the day on the Paris Stock Exchange.
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