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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.
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.
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...
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