Atari announces investment in tinyBuild
December 21 2023 - 2:30AM
Atari announces investment in tinyBuild
Atari announces investment in
tinyBuild
PARIS, FRANCE (December 21, 2023 - 8.30
am CET) - Atari® — one of the world's most iconic consumer
brands and interactive entertainment producers — today announced it
has entered into an agreement with tinyBuild, Inc
(“tinyBuild”) to invest US$2 million as part of
tinyBuild’s announced capital increase.
Wade Rosen, Chairman and CEO of Atari commented:
“tinyBuild is an amazing company, with industry leading games and
benefiting from an expansive fan base. Atari is excited to
participate in the current capital transaction as tinyBuild’s
approach to the indie games market is in line with Atari’s
long-term approach.”
“We are pleased to welcome Atari as a strategic
investor of tinyBuild. Atari is a timeless brand and its support
validates the current strategic plan for tinyBuild,” said Alex
Nichiporchik, CEO of tinyBuild.
tinyBuild announced on December 21, 2023 its
intention to proceed with a US$14 million capital increase by means
of the issue of new common shares. The announced capital increase
by tinyBuild and Atari’s participation remain conditional on
certain approvals of tinyBuild shareholders at a meeting which is
intended to take place on January 18, 2024. Following the
shareholders approval, and completion of the capital raise, Atari
will hold approximately 7.5% of tinyBuild share capital1.
About tinyBuild
Founded in 2013, tinyBuild (AIM: TBLD) is a
global video games publisher and developer, with a catalogue of
more than 80 premium titles across different genres. tinyBuild's
strategy is to focus on its own intellectual property (IP) to build
multi-game and multimedia franchises, in partnership with
developers. tinyBuild is headquartered in the USA with operations
stretching across the Americas and Europe. The Group's broad
geographical footprint enables the Company to source high-potential
IP, access cost-effective development resources, and build a loyal
customer base through its innovative grassroots marketing.
tinyBuild was admitted to AIM, a market operated by the London
Stock Exchange, in March 2021.
About
ATARI
Atari is an
interactive entertainment company and an iconic gaming industry
brand that transcends generations and audiences. The company is
globally recognized for its multi-platform, interactive
entertainment and licensed products. Atari owns and/or manages a
portfolio of more than 200 unique games and franchises, including
world-renowned brands like Asteroids®, Centipede®, Missile
Command®, Pong®, and RollerCoaster Tycoon®. Atari has offices in
New York and Paris. Visit us online at www.Atari.com.
Atari shares are
listed in France on Euronext Growth Paris (ISIN Code FR0010478248,
Ticker ALATA) and OTC Pink Current (Ticker PONGF).
©2023 Atari
Interactive, Inc. Atari wordmark and logo are trademarks owned by
Atari Interactive, Inc.
Contacts
Atari - Investor RelationsTel + 33 1 83 64 61 57
- investisseur@atari-sa.com | www.atari.com/news/
Calyptus – Marie CalleuxTel + 33 1 53 65 68 68 –
atari@calyptus.net
Listing Sponsor - Euroland CorporateTel +33 1 44
70 20 84 - Julia Bridger - jbridger@elcorp.com
DISCLAIMERThis press release
contains certain non-factual elements, including but not restricted
to certain statements concerning its future results and other
future events. These statements are based on the current vision and
assumptions of Atari’s leadership team. They include various known
and unknown uncertainties and risks that could result in material
differences in relation to the expected results, profitability and
events. In addition, Atari, its shareholders and its respective
affiliates, directors, executives, advisors and employees have not
checked the accuracy of and make no representations or warranties
concerning the statistical or forward-looking information contained
in this press release that is taken from or derived from
third-party sources or industry publications. If applicable, these
statistical data and forward-looking information are used in this
press release exclusively for information.
1 Depending on the final results of the capital increase
- Atari - Investment in tinyBuild - 21122023
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