---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-134842"
form_type: "8-K"
ticker: null
cik: "0001593548"
company_name: "PlayAGS, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:02:38.030896+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-134842
- form_type: 8-K
- cik: 0001593548
- company_name: PlayAGS, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593548/000119312524134842/0001193125-24-134842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593548/000119312524134842/d784068d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-134842
- JSON: https://secwatch.observer/filing/0001193125-24-134842.json
- Plain text: https://secwatch.observer/filing/0001193125-24-134842.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593548/000119312524134842/0001193125-24-134842-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.