Atari enters into an agreement to invest in Thunderful Group AB
PARIS, FRANCE (July 29, 2025 – 8.00 am CET) – Atari® (PARIS:ALATA) — one of the world’s most iconic consumer brands and interactive entertainment producers — today announces it has entered into a subscription agreement with Thunderful Group AB (“Thunderful”, or “the Company”) to participate in a directed share issue of SEK 50.0 million (approximately 4.5 million euros). Thunderful is listed on Nasdaq First North Premier Growth Market in Sweden (ticker: THUNDR), and specialized in game development, third‑party publishing, and co-development services for PC and console platforms. Thunderful encompasses a global games publishing business, five game studios with various creative and technological expertise, and a services business. The Company owns a portfolio of over 20 intellectual properties including SteamWorld, ISLANDERS, Lost in Random, and Vampire’s Fall, notably.
Wade Rosen, Chairman and Chief Executive Officer of Atari, SA commented: “This Transaction marks another important milestone in Atari’s development with the expansion of its publishing and development capabilities in the European region. Thunderful is recognized for publishing and developing critically acclaimed games, and with the announced transformation plan, as well as the quality and commitment of Thunderful’s teams, we are confident that Thunderful will be returning to a profitable growth path while helping to further develop Atari operations in Europe.”
Transaction summary
Under the terms of the subscription agreement, Atari will become the owner of approximately 82% of the outstanding shares and votes of Thunderful by way of a directed issuance of 333,333,334 new ordinary shares1 at a subscription price of SEK 0.15, corresponding to a total amount of SEK 50 million (approximately €4.5 million) (the “Transaction”).
The Transaction is subject to approval …
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