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25 minutes ago
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ATARI: Capital increase in relation to the repayment in shares of loans from IRATA LLC
Capital increase in relation to the repayment in shares of loans from IRATA LLC PARIS, FRANCE (August 7, 2025 - 6.00 pm CET) - Atari® (Euronext Growth Paris: ALATA) — one of the world's most iconic consumer brands and interactive entertainment producers — today announces the repayment of€13.9 million loans previously granted to Atari SA by Irata LLC, the holding company of Wade Rosen, Chairman and Chief Executive Officer of Atari SA, through a capital increase reserved to IRATA LLC. The repayment in Atari SA new shares and the reserved capital increase have been approved unanimously by the Board of Directors1 of Atari, SA pursuant to the authorization granted by the shareholders meeting held on September 24, 2024 (Resolution 12). The loans which are repaid, had been granted on January 31, 2024, March 4, 2024, April 10, 2024, July 22,2024, July 31, 2024, January 3, 2025 and January 31, 2025 for a total amount (principal and interest) of €13.9 million and bearing an annual interest of 10%. Upon repayment of the loans, 97,718,187 new shares (representing 21% of Atari, SA share capital) will be issued with no discount on the share price2 and will be admitted to trading. As a result, the total number of outstanding shares will be 559,082,939. Following this capital increase, IRATA LLC will hold 41.7% of the share capital and 39.5% of the voting rights3. After this repayment, the outstanding amount of loans granted by IRATA LLC to Atari, SA and its subsidiaries represent approximately €10M in principal amount. Breakdown of capital, before capital increase Ownership June 30, 2025 Number ofshares % Theoreticalvoting rights % Exercisablevoting rights % Irata LLC 135,379,861 29.3% 135,979,861 27.3% 135,979,861 27.5% Stephen Kick 31,463,004 6.8% 62,926,008 12.6% 62,926,008 12.7% Mr Alexandre Zyngier 3,779,778 0.8% 4,830,807 1.0% 4,830,807 1.0% Treasury shares 3,253,426 0.7% 3,253,426 0.7% 0 0.0% Public 287,488,683 62.3% 290,559,871 58.4% 290,559,871 58.8% Total 461,364,752 100.0% 497,549,973 100.0% 494,296,547 100.0% Breakdown of capital, after capital increase Ownership Post capital increase Number ofshares % Theoreticalvoting rights % Exercisablevoting rights % Irata LLC 233,098,048 41.7% 233,698,048 39.3% 233,698,048 39.5% Stephen Kick 31,463,004 5.6% 62,926,008 10.6% 62,926,008 10.6% Mr Alexandre Zyngier 3,779,778 0.7% 4,830,807 0.8% 4,830,807 0.8% Treasury shares 3,253,426 0.6% 3,253,426 0.5% 0 0.0% Public 287,488,683 51.4% 290,559,871 48.8% 290,559,871 49.1% Total 559,082,939 100.0% 595,268,160 100.0% 592,014,734 100.0% 1 Mr Wade Rosen abstained from participating in the decision of the Board of Directors2 New Atari shares issued on the basis of a 3-day VWAP as of 31 July 2025 of €0.14503 In addition, IRATA LLC holds 195,163,398 convertible bondsAbout 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 400 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 Atari shares are listed in France on Euronext Growth Paris (ISIN Code FR0010478248, Ticker ALATA) and OTC Pink Current (Ticker PONGF). ©2025 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@ | Actus finance & communication - Marie Calleux Tel +33 1 53 65 68 68 – atari@ Listing Sponsor - Euroland CorporateTel +33 1 44 70 20 84 - Julia Bridger - jbridger@ DISCLAIMER This 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. Attachment ATARI_PR-Loan-repayment_20250807Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
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India's State Refiners Buy Oil Elsewhere After Russia Pause
(Bloomberg) -- India's state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies' procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to skip spot purchases of the crude in the upcoming buying cycle, until there's clear government guidance, said the people, who asked not to be identified as they aren't authorized to speak publicly. On Thursday, IOC bought five million barrels of oil from the US, Brazil and Libya, the latest in a string of purchases for relatively quick delivery. The global oil market has zeroed in on India's crude purchasing after President Donald Trump doubled the levy on all Indian exports to the US as a direct punishment for the country's refiners taking Russian crude. The escalation — which hasn't yet been matched by similar action against China, another major buyer — is meant to put pressure on Moscow to end the war in Ukraine. The tension has swung futures this week as traders assess the odds of disruption to flows, as well as Moscow's ability to find alternative buyers should Indian refiners opt to take fewer barrels. Brent was little changed near $67 a barrel on Thursday, following a five-day drop. Officially, New Delhi hasn't given any direction to refiners to stop buying Moscow's crude, with Prime Minister Narendra Modi's government pushing back against Trump's tariffs. Bloomberg earlier reported that refiners had been asked to draw up plans for buying non-Russian crude. An oil ministry spokesman didn't immediately reply to an email seeking comment. Separately, IOC, BPCL and HPCL didn't reply to messages from Bloomberg seeking comment. Beyond term contracts, oil producers and refiners typically deal with purchases in short-run cycles, with cargoes booked about one-and-a-half to two months ahead of loading. That planned-ahead pattern allows users to ensure they have enough on hand to meet their requirements. The pause will affect buying of Russia's Urals cargoes for October-loading, they added. While overall purchases of October-loading Urals by India's refiners are unlikely to drop to zero, a dip could prompt a rush for other grades, with US, Middle Eastern and African cargoes as alternatives, said traders, who buy and sell across the region. Discussions for October cargoes have not yet started, though traders foresee deeper Russian discounts and more offers to China, which doesn't typically take much of the variety. In late-July, purchases of September-loading Urals concluded with India taking fewer barrels due to pricey offers. Since then, state-owned refiners have issued a slew of tenders, soaking up spot cargoes from other regions. Private processors Reliance Industries Ltd. and Nayara Energy Ltd., meanwhile, have been quiet, with the latter grappling with a steep drop in run rates following sanctions imposed by the European Union. Cargoes of Urals — Russia's benchmark crude grade from the west of the country — for August- and September-loading are likely to be delivered as planned, unless New Delhi advises otherwise, the people said. In recent days, tankers have offloaded some cargoes at Indian ports, albeit with some slight delays. At its peak, India imported more than 2 million barrels a day of Russian oil, up from almost zero purchases before the Ukraine war. 'There would be some operational disruptions for a period, but the crude supply-demand would balance out,' said R. Ramachandran, former director of refineries at Bharat Petroleum. If Russian supplies are more difficult, 'Middle East crudes — with the geographical advantages and a wide range of quality will be a prime substitute, especially from Saudi and Iraq,' he said. --With assistance from Sudhi Ranjan Sen, Lucia Kassai and Alex Longley. (Updates with new purchases in second paragraph. Lowers reference to October-loading cargoes to eighth paragraph.) The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery Government Steps Up Campaign Against Business School Diversity ©2025 Bloomberg L.P. Sign in to access your portfolio
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25 minutes ago
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Trump's planned 100% computer chip tariff sparks confusion among businesses and trading partners
President Donald Trump's plans for 100% tariffs on computer chips that aren't made in the U.S. are stoking confusion among businesses and trading partners — boosting stocks for leading semiconductor companies while leaving smaller producers scrambling to understand the implications. The U.S. imports a relatively small number of chips because most of the foreign-made chips in a device — from an iPhone to a car — were already assembled into a product, or part of a product, before it landed in the country. "The real question everybody in the industry is asking is whether there will be a component tariff, where the chips in a device would require some sort of separate tariff calculation,' said Martin Chorzempa, a senior fellow at the Peterson Institute for International Economics. Trump said Wednesday that companies that "made a commitment to build" in the U.S. would be spared the import tax, even if they are not yet producing those chips in American factories. 'We'll be putting a tariff of approximately 100% on chips and semiconductors,' Trump said in the Oval Office while meeting with Apple CEO Tim Cook. 'But if you're building in the United States of America, there's no charge.' Wall Street investors interpreted that as good news not just for U.S. companies like AMD, Intel and Nvidia, but also for the biggest Asian chipmakers like Samsung and Taiwan Semiconductor Manufacturing Company that have been working to build U.S. factories. But it left greater uncertainty for smaller chipmakers in Europe and Asia that have little exposure to the AI boom but still make semiconductors inserted into essential products like cars or washing machines. These producers "probably aren't large enough to get on the map for an exemption and quite probably wouldn't have the kind of excess capital and margins to be able to add investment at a large scale into the United States,' Chorzempa said. The announcement came more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation. Chorzempa said chip tariffs could again raise prices by hundreds of dollars per vehicle if the semiconductors inside a car are not exempt. 'There's a chip that allows you to open and close the window," Chorzempa said. "There's a chip that is running the entertainment system. There is a chip that's kind of running all the electronics. There are chips, especially in EVs, that are doing power management, all that kind of stuff.' Much of the investment into building U.S. chip factories began with the bipartisan CHIPS and Science Act that President Joe Biden signed into law in 2022, providing more than $50 billion to support new computer chip plants, fund research and train workers for the industry. Trump has vocally opposed those financial incentives and taken a different approach, betting that the threat of dramatically higher chip costs would force most companies to open factories domestically, despite the risk that tariffs could squeeze corporate profits and push up prices for electronics. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
