other material
confidence high
sentiment negative
materiality 0.50
PLAYSTUDIOS sets 1-for-10 reverse split effective Sept 30 to regain Nasdaq $1 bid compliance
PLAYSTUDIOS, Inc.
- 1-for-10 reverse split of Class A and Class B common stock takes effect 5:00 p.m. ET Sept 30, 2026; MYPS begins trading split-adjusted Oct 1, 2026.
- Company says the split supports efforts to regain compliance with Nasdaq's $1.00 minimum bid price requirement; new Class A CUSIP is 72815G306.
- Q3 2026 through Sept 24: repurchased ~4.3 million Class A shares for $3.0 million, average ~$0.71 per share, under its existing Rule 10b5-1 plan.
- No fractional shares issued; holders get cash in lieu based on the Sept 30 Nasdaq closing price. Par value, authorized share counts and relative voting rights are unchanged.
- Equity award share counts and option exercise prices will be proportionately adjusted; Continental Stock Transfer & Trust is exchange agent.