PLAYSTUDIOS Announces 1-for-10 Reverse Stock Split and Provides an Update on Stock Repurchases
PLAYSTUDIOS, Inc. announced a 1-for-10 reverse stock split of its Class A and Class B common stock, effective at 5:00 p.m. Eastern Time on September 30, 2024. The company also provided an update on its stock repurchase program.
Why it matters — MYPS watchers would care because the reverse stock split will reduce the number of outstanding shares and raise the per-share price, which may affect the stock's valuation and trading dynamics.