Atari became 81.7% owner of Thunderful in 2025 as shareholders approved a SEK 50 million share issue

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.

Thunderful's shareholders approved a directed share issue to Atari on Aug 28, 2025, which Atari's release said made Atari the new majority shareholder of the Swedish games group. A directed issue means new shares created for a chosen buyer, here Atari, and Atari said the approval made it the owner of 81.7% of Thunderful's outstanding shares and votes. The issue was 333,333,334 new ordinary shares at a subscription price of SEK 0.15 each, which the release gave as SEK 50 million in all, or approximately €4.5 million. Before the issue, Thunderful had 74,532,894 ordinary shares and voting rights as of Jun 30, 2025.1^,2^,3^,4^,5^,6^,7

The release described Thunderful as a publisher and developer of games, mainly for PC and console, listed on the Nasdaq First North Premier Growth Market in Stockholm. The release counted five game studios, a games publishing business and a services business in the group, and over 20 intellectual properties, among them SteamWorld, ISLANDERS, Lost in Random and Vampire's Fall. For the fiscal year ending Dec 31, 2024, Thunderful reported revenues of approximately €25 million, as the release converted them. The release added that Thunderful had announced a restructuring plan the same day, meant to reorganize its publishing and development operations, reduce its cost base and improve operating cash flow. Two Atari officers had been appointed as new ordinary members of Thunderful's board, the release said.3^,8^,9^,10^,11^,12

Atari and Thunderful announced the transaction on Jul 29, 2025. Atari described itself as owning or managing more than 400 games and franchises, and its shares were listed on Euronext Growth Paris and on OTC Pink Current. The AMF, France's market regulator, filed the release under inside information, news that a listed company must publish as soon as it can because it may move its share price.13^,14^,15^,16

We hold the text of this one release, 2 pages in English, and none of the documents it refers to, so the terms of the IRATA LLC loan and the details of the restructuring plan are not in our records.17