Thunderful shareholders approved a SEK 35 million share issue to Atari on Jan 26, 2026 that would give it a 90.2% stake

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.

Shareholders of Thunderful Group, a publisher, approved a directed share issue of SEK 35 million to Atari at an extraordinary general meeting on Jan 26, 2026, Atari said the same day. The release gave the issue as approximately $3.8 million and said it would leave Atari owning 90.2% of Thunderful's capital. In a directed share issue, new shares go to a chosen investor instead of to all shareholders; here the investor was Atari.1^,2^,3

Atari said that once Thunderful registered the new shares, it would ask Thunderful's board to apply for the delisting of its shares from Nasdaq First North Growth Market in Stockholm, and would request compulsory redemption of the minority shareholders' shares. Subject to that delisting, Atari said it would offer to acquire all Thunderful shares it did not already hold at SEK 0.30 per share. The release put that price at a premium of about 61% over the closing price of SEK 0.1865 on Dec 18, 2025, and of 100% over the price per share Atari paid in Thunderful's directed share issue on Aug 28, 2025. For shares not tendered in the offer, Atari said it would also request a compulsory redemption procedure under Chapter 22 of the Swedish Companies Act at the same SEK 0.30 per share. The release said that procedure would leave Atari holding 100% of Thunderful's shares.4^,5^,6^,7^,8

Atari said the transaction had been financed with a new loan agreement with IRATA LLC, the holding company of Wade Rosen, whom the release names as Atari's chairman and chief executive. In its company description, Atari described itself as the owner or manager of more than 400 games and franchises, among them Asteroids, Centipede, Missile Command, Pong and RollerCoaster Tycoon.9^,10

We hold the text of this one release, 6,409 characters over 2 pages, with its pictures and layout left out, and we hold none of the documents it refers to. The text we hold gives no date for the delisting, the offer or the redemption.11