Brief: Atari Announces Investment In Antstream And Related Option To Purchase Mobygames' Assets

Atari SA

23/11/2021 17:15

Nov 23 (Reuters) - ATARI SA  ATAR.PA :
    * ANNOUNCED AN UP TO US$3.5 MILLION STRATEGIC INVESTMENT IN
ANTSTREAM LIMITED AND A RELATED OPTION TO PURCHASE ASSETS OF
MOBYGAMES, LIMITED, INCLUDING MOBYGAMES WEBSITE AND DATABASE
    * OPTION TO PURCHASE ASSETS OF MOBYGAMES IS AT A PURCHASE
PRICE OF
US$1.5 MILLION AND MAY BE CONCLUDED BY END OF MARCH, 2022
    * INVESTMENT IN ANTSTREAM LIMITED WAS MADE PURSUANT TO A
CONVERTIBLE LOAN AGREEMENT THAT CAN BE CONVERTED INTO EQUITY OF
ANTSTREAM LIMITED IN A FUTURE FINANCING, WITH AN INITIAL
INVESTMENT OF US$500,000
    * HAS COMPLETED SALE OF CERTAIN NON-FUNGIBLE TOKEN PARCELS
OF LAND
IN SANDBOX TO A THIRD PARTY. ATARI RECEIVED A CASH PAYMENT OF
US$4,284,000
    * ATARI RECEIVED A CASH PAYMENT OF US$4,284,000

Source text for Eikon:  ID:nGNEc77f5Y 
Further company coverage:  ATAR.PA 

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