Atari to implement reverse stock split

Atari is set to execute a reverse stock split, exchanging 200 existing shares with a par value of 0.01 euro for one new share with a par value of 2 euros. The objective is to normalize the number of shares in circulation and reduce price volatility by stripping the stock of its "penny stock" status—a classification for shares trading at low values that often encourages speculation.

The consolidation will have no impact on the total value held by shareholders. Based on the current trading price (0.1145 EUR during the session), a shareholder owning 1,000 Atari shares holds a position worth 114.50 EUR. Post-split, they would hold five shares valued at 22.90 EUR each. The operation will begin on April 1, 2026, and will take effect on May 5, 2026. Existing shares will be delisted at the end of the consolidation period, scheduled to run until May 4, 2026. The new shares will be listed on Euronext Growth Paris starting May 5, 2026, under a new ISIN code that has yet to be determined. The former ISIN (FR0010478248) will eventually be phased out.

Shareholders holding fractional shares must adjust their portfolios to reach a multiple of 200 existing shares before the end of the adjustment period. Unconsolidated shares will lose their voting rights and will no longer be counted toward quorum calculations.

The group had previously announced this consolidation project in February.