PLAYSTUDIOS Investors Greenlight Reverse Split, Board Elections

summarizeSummary

To help regain Nasdaq compliance, PLAYSTUDIOS shareholders approved a reverse stock split ranging from 1-for-10 to 1-for-30, alongside the election of five directors and ratification of Deloitte as auditor.

check_boxKey Events · Corporate Governance and Compliance · MYPS

• Reverse Stock Split Approved

  With 99.8% of votes in favor, shareholders approved a reverse stock split at a ratio between 1-for-10 and 1-for-30, giving the board discretion to execute within 12 months.

• Nasdaq Compliance Path

  The reverse split is designed to push the stock price above the $1 minimum bid requirement. An extension to regain compliance was previously granted, running through November 2, 2026.

• Director Elections

  All five director nominees were elected with strong support: Andrew Pascal (97.1%), Jason Krikorian (95.4%), Joe Horowitz (98.1%), Judy K. Mencher (96.8%), and Steven J. Zanella (99.7%).

• Auditor Ratification

  Deloitte & Touche LLP was ratified as the independent auditor for fiscal year 2026, receiving 99.7% of votes in favor.

auto_awesomeAnalysis · MYPS · Technology

A critical step toward Nasdaq compliance was taken as shareholders overwhelmingly approved a reverse stock split, granting the board discretion to implement a ratio between 1-for-10 and 1-for-30 within the next 12 months. The vote was nearly unanimous at 99.8% in favor, underscoring strong investor backing. This authorization arrives after the company transferred to the Capital Market and secured an extension until November 2, 2026, to meet the $1 minimum bid requirement. While the split provides a tool to lift the stock price, it does not alter underlying fundamentals—first-quarter revenue fell 7% and net losses widened. In separate votes, all five directors were elected and Deloitte was ratified as auditor, each with high margins.