AGS agrees to be acquired by Brightstar Capital Partners for $12.50 per share, ~$1.1B

PlayAGS, Inc.

Shareholders to receive $12.50 per share in cash; 41% premium to 90-day VWAP and 40% premium to May 8 close.
Transaction valued at approximately $1.1 billion; expected to close in second half of 2025, subject to stockholder and regulatory approvals.
AGS board unanimously approved; termination fee of $9.7M (increases to $19.3M after June 22) if AGS accepts a superior offer.
Parent termination fee of $38.6M under certain conditions; $24.8M if failure to obtain gaming regulatory approvals.
AGS cancels Q1 2024 earnings call and will not issue quarterly release; intends to file 10-Q with SEC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PlayAGS, Inc. entered into Agreement and Plan of Merger with Bingo Holdings I, LLC and Bingo Merger Sub, Inc. (effective 2024-05-08).

Action: entry
Agreement: merger
Counterparty: Bingo Holdings I, LLC and Bingo Merger Sub, Inc.
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, PlayAGS, Inc., a Nevada corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Bingo Holdings I, LLC, a Delaware limited liability company (“Parent”) and an affiliate of Brightstar Capital Partners, and Bingo Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Parent (“Merger Sub"), providing for, among other things, the merger of Merger Sub with and into the Company

View on SEC.gov

292 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001193125-24-134842

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.