secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K/A
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001823878-24-000039
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS provides Pixode acquisition financials; Pixode had $4.3M net loss on $107K revenue in 2023
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- Pixode's audited 2023 revenue $107,544; net loss $4,320,166; accumulated deficit $10.4M.
- Asset sale closed July 1, 2024 for $3.5M cash plus up to $113.5M contingent consideration.
- Pixode had $7.8M current debt and $850K advance subscription agreement as of Dec 2023.
- Pro forma unaudited combined financials filed (details not fully provided in truncated exhibit).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000039/0001823878-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000039/myps-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001823878-24-000039

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