PLAYSTUDIOS, Inc. announced that its previously declared reverse stock split will become effective at 5:00 p.m. Eastern Time on September 30, 2026, with Class A Common Stock expected to begin trading on a split-adjusted basis on October 1, 2026. The company is implementing a 1-for-10 reverse stock split of its Class A and Class B common stock to support efforts to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. Additionally, during the third quarter of 2026 through September 24, PLAYSTUDIOS repurchased approximately 4.3 million shares of Class A Common Stock for an aggregate purchase price of $3.0 million, or an average price of approximately $0.71 per share, under its existing Rule 10b5-1 share repurchase plan. The company operates in the mobile gaming and loyalty platform industry.
