Atari SA, a multinational entertainment and licensing products company, has recently announced an adjustment to the conversion ratio of its convertible bonds due on July 31, 2026. This adjustment follows a reverse stock split of its shares, which consolidated a large number of existing shares into fewer, higher-par-value shares. Consequently, the conversion terms of the bonds have been revised to reflect this change.
The company, which operates in the communication services sector and specializes in providing online games for smartphones, tablets, and other connected devices, owns or manages a portfolio of approximately 200 games and franchises. Notable brand names under its portfolio include Asteroids, Centipede, Missile Command, Pong, Test Drive, and RollerCoaster Tycoon. These games span various categories such as action, adventure, arcade, kids, casual, free to play, horror, racing, simulation, sports, and strategy. Additionally, Atari licenses its brand and franchises into other media, merchandising, and publishing categories.
Atari SA, previously known as Infogrames Entertainment SA, changed its name in May 2009 and was established in 1972. The company is primarily listed on the NYSE Euronext Paris and trades in EUR. As of May 13, 2026, the close price of Atari SA’s shares was 22.885 EUR, with a 52-week high of 45.4 EUR on June 16, 2025, and a 52-week low of 17.5 EUR on May 6, 2026. The market capitalization of the company stands at 51,680,000 EUR, and it has a price-earnings ratio of -4.876.
In the announcement, Atari SA clarified that any fractional entitlements resulting from the adjustment of the conversion ratio will be settled in cash, in accordance with the bond terms. The information was issued on the Euronext Growth Paris platform and noted that it may qualify as inside information under EU market-abuse regulations. However, no further details were provided regarding the impact of this adjustment on the company’s financial position or market performance.
