PLAYSTUDIOS repurchases 11.7M shares from Microsoft for $24.6M, reducing shares by 8.6%

PLAYSTUDIOS, Inc.

Repurchased 11,677,398 shares from Microsoft at $2.11/share, total $24.6M in cash.
Repurchase reduces outstanding common stock by approximately 8.6%.
Funded with available cash; $46M remaining under existing $50M buyback program.
Credit Agreement Amendment No. 4 modified Fixed Charge Coverage Ratio to exclude this repurchase.
CEO cites commitment to shareholder value; repurchase done at a discount to market.

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