PLAYSTUDIOS extends warrant tender offer to May 13; only 0.5% of public warrants tendered

PLAYSTUDIOS, Inc.

Offer extended to May 13, 2022 (was April 29) to allow more time for holders to tender warrants.
Only 33,606 public warrants (0.5%) tendered as of Apr 27; none of 10,996,631 outstanding private warrants.
Consents solicited to amend warrant agreement, enabling redemption at $0.90/warrant (10% below offer).
Offer price $1.00/warrant cash; warrants trade under MYPSW on Nasdaq.
Dealer manager PJT Partners; info agent Alliance Advisors at (800) 429-6652.

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