other material
confidence high
sentiment neutral
materiality 0.40
PLAYSTUDIOS offers $1.00 per warrant to buy back all outstanding warrants, consent to amend for $0.90 redemption
PLAYSTUDIOS, Inc.
- Offer to purchase all ~11M outstanding public and private warrants at $1.00 cash each, expiring April 29, 2022.
- Consent solicitation to amend warrant agreement to allow Company to redeem warrants for $0.90 cash (10% less).
- No minimum tender condition, but offer subject to other conditions.
- As of March 31, 2022, 10,996,631 warrants outstanding.