secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001823878-23-000041
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS amends credit agreement to permit equity repurchases for tax withholding; Brainium joins as guarantor
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- Amendment No. 3 allows share repurchases to cover exercise price or tax withholding on equity awards.
- Brainium Studios, LLC becomes a Loan Party and guarantor under the existing credit facility.
- Also corrects a typo in the Restricted Payments covenant (changing 'greater than' to 'less than').

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387823000041/0001823878-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387823000041/myps-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001823878-23-000041

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