We backed the Indiegogo Atari campaign in May 2018, and now this year’s Christmas is going to be very special. Yes! Atari delivered, and the product turned out to be an amazing hybrid console.
Here are the first pictures of our Atari VCS Collector’s Edition, which proudly enters our retro portfolio!
Get yours now ! ATARIVCS.com
Atari announces the launch of a capital increase through private placement
Paris, December 21, 2020 – 17h40 – ATARI (ISIN : FR0010478248 – ATA, PEA-PME eligible), one of the world’s most iconic consumer brands and interactive entertainment producers, today announces the launch of a capital increase without preferential subscription rights in the form of a private placement of c. 5 million euros through the issuance of new shares, in accordance with the 23rd and 24th resolutions of the combined general meeting of shareholders dated September 29, 2019 and the authorization of the meeting of the Board of Directors of December 21, 2020 (the “Transaction”). The Transaction will amount to a maximum of 10% of the share capital of the Company and there will be an application for admission to trading of the new shares on the Euronext Paris market.
The placement will be mainly conducted in France and the rest of the European Union with a limited number of investors or qualified investors, in accordance with article L. 411-2 of the French Monetary and Financial Code.
The Company has already received expressions of interest to participate in the Transaction, notably from Ker Ventures LLC for a minimum amount of 0.6M€ in cash, LR Interactive Holding for a minimum amount of 1M€ in cash and Nvizzio Creations Inc. for a minimum amount of 1M€ by way of offsetting of receivables.
The funds raised will enable the Company to finance the commercial development of the Atari VCS and to strengthen the development of the games division.
In accordance with the 23rd resolution of the combined general meeting of shareholders dated September 30, 2019, the issuance price of the new shares will be at least equal to eighty percent (80%) of the weighted average share price over the twenty (20) trading days preceding its determination.
Settlement-delivery of the new shares issued in connection with the Private Placement and their admission to trading on the regulated market of Euronext Paris is expected to occur on December 28, 2020. The new shares will carry current rights and will be admitted to trading on Euronext Paris under the same ISIN code FR0010478248 – ATA.
Louis Capital Market LLP / Midcap Partners is acting as Lead Manager and Bookrunner of the Transaction.
EuroLand Corporate is acting as financial advisor on the Transaction.
In accordance with article 211-3 of the general regulations of the Autorité des Marchés Financiers (AMF), the offer of the Company’s shares in the context of this capital increase conducted in the form of a private placement will not give rise to a prospectus subject to review by the AMF.
Detailed information regarding the Company, in particular regarding its business activity, its results and corresponding risk factors is included in the Universal Registration Document filed with the AMF on October 28, 2020 under the number D.20-0906, including the annual financial report 2019-2020, which can be accessed, together with other regulated information and all of the press releases of the Company, on its website (www.atari-investisseurs.fr).
About Atari:
Atari, comprised of Atari SA and its subsidiaries, is a global interactive entertainment and multiplatform licensing group. The true innovator of the video game, founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises, including globally known brands such as Asteroids®, Centipede®, Missile Command® and Pong®. From this important portfolio of intellectual properties, Atari delivers attractive online games for smartphones, tablets, and other connected devices. Atari also develops and distributes interactive entertainment for Microsoft, Sony and Nintendo game consoles. Atari also leverages its brand and franchises with licensing agreements through other media, derivative products and publishing. For more information: www.atari.com and www.atari-investisseurs.fr/en/. Atari shares are listed in France on Euronext Paris (Compartment C, ISIN Code FR0010478248, Ticker ATA), in Sweden on Nasdaq First North Growth Market as Swedish Depositary Receipts (ISIN Code SE0012481232, Ticker ATA SDB) and are eligible for the Nasdaq International program in the United States (OTC – Ticker PONGF).
Disclaimer
In France, the aforementioned offer of Atari shares will be made exclusively through a private placement, in accordance with article L. 411-2 of the French Monetary and Financial Code and the applicable regulatory provisions. It does not constitute a public offering within the meaning of article L. 411-1 of the French Monetary and Financial Code. Accordingly, no prospectus will be published or reviewed by the Autorité des marchés financiers.
Concerning the Member States of the European Economic Space having transposed Directive 2003/71/EC of the European Parliament and Council dated November 4, 2003 (as modified in particular by Directive 2010/73/EU, insofar as this directive was transposed in each of the Member States of the European Economic Space) (the “Prospectus Directive”), no actions have been or will be undertaken to enable a public offering of the marketable securities that are the subject of this press release, making it necessary to publish a prospectus in any of the Member States.
This press release and the information contained herein do not constitute an offer to subscribe or purchase, nor a solicitation of an order to purchase or subscribe, Atari’s shares in the United States or in any other jurisdiction in which the transaction may be subject to restrictions. Marketable securities may not be offered or sold in the United States without being registered or exempt from registration under the US Securities Act of 1933 as modified (the “US Securities Act”), it being specified that Atari’s share has not been and will not be registered under the US Securities Act and that Atari has no intention of making a public offering of Atari shares in the United States, nor in any other jurisdiction.
In certain countries, the dissemination of this press release may be subject to specific regulations. Persons in possession of this press release should inquire about and comply with possible local restrictions.
Contacts
Atari – Philippe Mularski, CFO Calyptus – Marie Calleux
Tel +33 1 83 64 61 57 – pm@atari-sa.com Tel + 33 1 53 65 68 68 – atari@calyptus.net
Redeye AB (Certified Adviser)
Tel: +46 8 121 576 90 – certifiedadviser@redeye.se
This is information that Atari SA. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on December 21, 2020 at 17:40am CET.
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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
ATARI VCS: Shipping of the Indiegogo backer units Native integration of Google Chrome for enriched content Release of the dedicated VCS Companion App
ATARI VCS:
Shipping of the Indiegogo backer units
Native integration of Google Chrome for enriched content
Release of the dedicated VCS Companion App
Paris, December 16, 2020 – Atari, one of the world’s most iconic consumer brands and interactive entertainment producers, announces the shipping of the Atari VCS to its Indiegogo backers as well as the integration of Google Chrome to enrich the streaming services, browsing, and browser-based applications. Finally, the Atari VCS Companion mobile app is available now on Google Play and the App Store, providing users with a virtual mouse and keyboard to navigate the Atari VCS content.
Shipping to the backers of the Indiegogo crowdfunding campaign has begun. In this context, Atari will recognize €2.5M of revenue in its current financial year, previously recorded as deferred revenue in its consolidated financials for the year ended March 31, 2020. The ramp-up of deliveries will be progressive and will reach a steady state during the first quarter of 2021, with the delivery of the direct orders made through www.atarivcs.com and shipments to Gamestop, Walmart.com, Microcenter, other US distributors as well as Bluemouth, our Australian distribution partner.
The integration of Google Chrome as the native browser on the Atari VCS takes full advantage of the streaming capabilities of the system’s AMD Ryzen R1606G CPU. This allows Atari VCS users to access streaming services and web-based productivity options, like Google Workspace, Google’s cloud-based communication and collaboration solution that includes apps such as Gmail, Calendar, Chat, Docs, Drive, and Meet. The Atari VCS will be compatible with most PC peripherals, so users will be able to connect a webcam for Google Meet video conferencing and use a mouse and keyboard to undertake more text-heavy tasks. The full press release by Google and Atari is available here.
Atari has also announced the release of the Atari VCS Companion mobile app, which will be available to download on Google Play and the App Store. The VCS Companion App provides users with a virtual mouse and keyboard for navigating Chrome and other apps on the VCS, using a smartphone or tablet. During the last few weeks a lot of new content, in particular games, has been revealed, to be added to the Atari VCS, some of it exclusive (further details on atarivcs.medium.com).
Atari will continue to regularly enrich the content offering accessible on the Atari VCS. Equipped with the power of a family PC at the heart of the Atari VCS, gaming modes, flexible configuration of operating systems or memory, as well as 4K streaming capabilities, the Atari VCS is an openly novel entertainment device, offering a large variety of content and possibilities of use to fulfill the needs of all family members.
About Atari:
Atari, comprised of Atari SA and its subsidiaries, is a global interactive entertainment and multiplatform licensing group. The true innovator of the video game, founded in 1972, Atari owns and/or manages a portfolio of more than 200 games and franchises, including globally known brands such as Asteroids®, Centipede®, Missile Command® and Pong®. From this important portfolio of intellectual properties, Atari delivers attractive online games for smartphones, tablets, and other connected devices. Atari also develops and distributes interactive entertainment for Microsoft, Sony and Nintendo game consoles. Atari also leverages its brand and franchises with licensing agreements through other media, derivative products and publishing. For more information: www.atari.com and www.atari-investisseurs.fr/en/. Atari shares are listed in France on Euronext Paris (Compartment C, ISIN Code FR0010478248, Ticker ATA), in Sweden on Nasdaq First North Growth Market as Swedish Depositary Receipts (ISIN Code SE0012481232, Ticker ATA SDB) and are eligible for the Nasdaq International program in the United States (OTC – Ticker PONGF).
Contacts
Atari – Philippe Mularski, CFO Calyptus – Marie Calleux
Tel +33 1 83 64 61 57 – pm@atari-sa.com Tel + 33 1 53 65 68 68 – atari@calyptus.net
Redeye AB (Certified Adviser)
Tel: +46 8 121 576 90 – certifiedadviser@redeye.se
This is information that Atari SA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on December 16, 2020 at 7:30pm CET.
************************
Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.
