In August 2025 Atari said it would repay €13.9 million in loans from chairman and CEO Wade Rosen's holding company with new shares

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Atari said on Aug 7, 2025 that it would repay €13.9 million in loans from Irata LLC, the holding company of Wade Rosen, the company's chairman and chief executive, through a capital increase reserved to Irata. The loans were granted on dates from Jan 31, 2024 to Jan 31, 2025, the company said, and the €13.9 million was principal and interest together, at 10% a year. The board approved the repayment in shares and the reserved capital increase unanimously, under the authorization shareholders gave on Sep 24, 2024 (resolution 12), and a footnote said Rosen abstained from participating in the decision.1^,2^,3^,4^,5^,6

Once the loans were repaid, the company said, 97,718,187 new shares would be issued with no discount on the share price and admitted to trading; the release said they represented 21% of Atari SA's share capital. A footnote said the new shares would be issued on the basis of a three-day volume-weighted average price as of Jul 31, 2025 of €0.1450. The number of shares outstanding would then be 559,082,939.7^,8^,9

Irata held 135,379,861 shares, 29.3% of the total, on Jun 30, 2025; afterward it would hold 233,098,048 shares, 41.7% of the share capital, and 39.5% of the exercisable voting rights, the company said. A footnote added that Irata also held 195,163,398 convertible bonds. After the repayment, loans from Irata to Atari and its subsidiaries would still stand at about €10 million in principal, the company said.10^,11^,12^,13^,14

In the release, Atari said it owned or managed more than 400 games and franchises, among them Asteroids, Centipede and Missile Command.15

We hold the text of this one release, two pages in English, and it does not say what Atari used the loans for.16^,17