Playstudios Inc.
10/01/2026 | Press release | Distributed by Public on 10/01/2026 14:19
Corporate Action, Amendments to Bylaws (Form 8-K)
Item 3.03 Material Modification to Rights of Security Holders.
The information set forth in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Reverse Stock Split
As previously disclosed, at the 2026 Annual Meeting of Stockholders of PLAYSTUDIOS, Inc. (the "Company") held on July 10, 2026, the Company's stockholders approved an amendment to the Company's Certificate of Incorporation (the "Charter") to effect a reverse stock split of the Company's Class A Common Stock and Class B Common Stock (together, the "Common Stock") at a ratio ranging from 1-for-10 to 1-for-30, with the exact ratio to be determined by the Company's Board of Directors (the "Board").
On August 25, 2026, the Board approved a reverse stock split at a ratio of 1-for-10 (the "Reverse Stock Split"). On September 30, 2026, the Company filed a Certificate of Amendment to the Charter (the "Certificate of Amendment") with the Secretary of State of the State of Delaware to effect the Reverse Stock Split. The Certificate of Amendment became effective at 5:00 p.m. Eastern Time on September 30, 2026 (the "Effective Time").
At the Effective Time, every 10 shares of Class A Common Stock issued and outstanding immediately prior to the Effective Time were automatically combined into one share of Class A Common Stock, and every 10 shares of Class B Common Stock issued and outstanding immediately prior to the Effective Time were automatically combined into one share of Class B Common Stock. The Reverse Stock Split did not change the par value of the Common Stock or the number of authorized shares of Class A Common Stock or Class B Common Stock. The Reverse Stock Split applied equally to both classes of Common Stock and did not change the relative voting rights of the holders of Class A Common Stock and Class B Common Stock.
No fractional shares were issued in connection with the Reverse Stock Split. Stockholders who otherwise would have been entitled to receive a fractional share will instead receive cash in lieu of the fractional share in an amount equal to the fraction multiplied by the official closing price of the Class A Common Stock on The Nasdaq Capital Market on September 30, 2026, as adjusted for the Reverse Stock Split.
Proportionate adjustments were made, as applicable and in accordance with the terms of the Company's equity plans, to the number of shares subject to outstanding equity awards, the applicable exercise prices of outstanding stock options, and the number of shares available for future issuance under the Company's equity plans.
The Reverse Stock Split affected all stockholders uniformly and did not alter any stockholder's percentage interest in the Company's Common Stock, except for adjustments resulting from the treatment of fractional shares as described above.
The Company's Class A Common Stock began trading on a split-adjusted basis on The Nasdaq Capital Market at market open on October 1, 2026. The trading symbol for the Class A Common Stock remains "MYPS." The new CUSIP number for the Class A Common Stock following the Reverse Stock Split is 72815G306.
The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Playstudios Inc. published this content on October 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 01, 2026 at 20:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]