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PLAYSTUDIOS Announces 1-for-10 Reverse Stock Split and Provides an Update on Stock Repurchases

MYPS
  • PLAYSTUDIOS, Inc. announced a 1-for-10 reverse stock split of its Class A & Class B common stock to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
  • The split became effective at 5:00 p.m. Eastern Time on September 30, 2026, with split-adjusted trading set to begin on October 1, 2026, under ticker "MYPS."
  • During Q3 2026 through September 24, the company repurchased approximately 4.3 million Class A shares for $3.0 million, averaging $0.71 per share, while continuing to evaluate capital return opportunities.
  • Every 10 pre-split shares of each class will automatically combine into one post-split share without changing par value, authorized share counts, or relative voting rights.
  • No fractional shares will be issued; holders of fractional interests will receive cash equal to the fraction multiplied by the adjusted closing price on September 30, 2026.
  • Proportionate adjustments were made to outstanding equity awards, stock option exercise prices, & shares available for future issuance under company equity plans.
  • Registered stockholders holding shares electronically require no action, whereas brokers & other nominees will adjust positions & distribute cash for fractional shares per their processing procedures.
  • The new CUSIP number for Class A Common Stock post-split is 72815G306, with Continental Stock Transfer & Trust Company acting as the transfer agent & exchange agent.