secwatch.observer — SEC 8-K summary
======================================

Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001823878-22-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS warrant tender results: 25% of public warrants tendered, amendment to redeem at $0.90 rejected
--------------------------------------------------------------------------------

- Only 1,792,463 public warrants (approx. 25% of outstanding) tendered at $1.00 each, failing to reach 65% consent threshold.
- No private placement warrants were tendered; warrant amendment to permit $0.90 cash redemption not approved.
- Company expects to pay $1,792,463 in cash for the tendered public warrants; payment to be made promptly.
- Credit agreement amended to exclude up to $15M spent on warrant purchases from Fixed Charge Coverage Ratio calculation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387822000062/0001823878-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387822000062/myps-20220513.htm
  HTML page:      https://secwatch.observer/filing/0001823878-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer