Brief: Atari Says Enters Into Agreement To Acquire Night Dive Studios

Atari SA

22/03/2023 22:08

March 22 (Reuters) - Atari SA  ALATA.PA :
    * REG-ATARI ENTERS INTO AN AGREEMENT TO ACQUIRE NIGHT DIVE
STUDIOS
AND ANNOUNCES ITS INTENTION TO PROCEED WITH THE ISSUANCE OF €30
M BONDS CONVERTIBLE INTO NEW ATARI SHARES
    * IT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF NIGHT
DIVE
STUDIOS INC
    * EXPECTED THAT ACQUISITION OF NIGHT DIVE WILL BE COMPLETED
IN
APRIL 2023
    * PRICE OF NIGHT DIVE WILL CONSIST OF INITIAL CONSIDERATION
OF
US$10 MILLION  PLUS EARN-OUT OF UP TO US$10 MILLION
    * ATARI-PURCHASE PRICE WILL ALSO CONSIST OF  EARN-OUT OF
UPTO
US$10 MILLION, PAYABLE IN CASH OVER NEXT THREE YEARS BASED ON
FUTURE PERFORMANCE OF NIGHT DIVE

Source text for Eikon:  ID:nGNE3ZPPL7 
Further company coverage:  ALATA.PA 

 ((Reuters.Briefs@thomsonreuters.com;))