PLAYSTUDIOS Announces 1-for-10 Reverse Stock Split Effective Sep 30, 2026

What Happened
PLAYSTUDIOS, Inc. (MYPS) filed a Form 8‑K (dated Oct 1, 2026) disclosing that its Board implemented a reverse stock split of the Company's Class A and Class B common stock at a ratio of 1‑for‑10. The reverse split was authorized by shareholders at the July 10, 2026 annual meeting (ratios authorized: 1‑for‑10 to 1‑for‑30), approved by the Board on August 25, 2026, and became effective when the Company filed a Certificate of Amendment with the Delaware Secretary of State at 5:00 p.m. ET on September 30, 2026.

Key Details

• Reverse split ratio: 1‑for‑10 for both Class A and Class B common stock (approved range was 1‑for‑10 to 1‑for‑30).
• Effective time: Certificate of Amendment effective 5:00 p.m. ET on Sept 30, 2026; Class A began trading on a split‑adjusted basis on Nasdaq at market open Oct 1, 2026.
• Fractional shares: No fractional shares issued; holders entitled to fractions received cash in lieu equal to the fraction × official Nasdaq closing price of Class A on Sept 30, 2026 (adjusted for the split).
• Corporate mechanics: Par value and number of authorized shares unchanged; outstanding equity awards, option exercise prices, and shares available under equity plans were proportionately adjusted.
• Trading/ticker/CUSIP: Ticker remains MYPS; new CUSIP for Class A common stock is 72815G306.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per‑share price proportionally. For existing holders, the percentage ownership in the company remains the same except for cash payments to resolve fractional shares. Investors should expect share counts, per‑share metrics (like EPS), and option/share‑award quantities to be adjusted on a 1‑for‑10 basis. The company continues to trade under MYPS on Nasdaq (with a new CUSIP), so brokerage records and tax lots may be updated to reflect the split.