Recent Updates — MYPS
The Nasdaq Stock Market confirmed that PLAYSTUDIOS, Inc. has regained compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. This notification follows a 1-for-10 reverse stock split effected on September 30, 2026, which allowed the company's Class A common stock to trade at or above $1.00 per share for ten consecutive business days from October 1 through October 14, 2026. The matter regarding non-compliance is now closed. PLAYSTUDIOS operates in the social casino and gaming industry.
On September 30, 2026, PLAYSTUDIOS decided to cease operation of its product Tetris Block Party, triggering a non-cash pre-tax impairment charge estimated between $3.0 million and $3.5 million for the third quarter. The company determined that the carrying value of capitalized internal-use software development costs and acquired technology associated with the game was not recoverable. Operations are expected to end in October 2026, with remaining assets having their useful lives reduced accordingly. Management is also evaluating potential impacts on contingent consideration and interim goodwill impairment assessments, which will be finalized in the upcoming quarterly report. PLAYSTUDIOS operates in the social casino gaming industry.
PLAYSTUDIOS, Inc. filed a Certificate of Amendment to its Delaware Charter to effect a reverse stock split at a ratio of 1-for-10 for both Class A and Class B Common Stock. The amendment became effective on September 30, 2026, at 5:00 p.m. Eastern Time. Shareholders holding fractional shares received cash in lieu of fractions based on the official closing price on the effective date. Proportionate adjustments were made to outstanding equity awards and options. Trading on a split-adjusted basis began on October 1, 2026, with the symbol remaining MYPS. The company operates in the social casino gaming industry.
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.
On September 18, 2026, PlayStudios, Inc. announced the cessation of operations for its sweepstakes product, The Win Zone, citing it as an impairment indicator during the third quarter of 2026. Consequently, the company determined that the carrying value of related assets was not recoverable and recognized a pre-tax impairment charge ranging from $3.0 million to $3.5 million under GAAP standards for internal-use software capitalization. Management expects to finalize these charges and assess potential income tax impacts upon filing its Form 10-Q for the period ending September 30, 2026. PlayStudios operates in the gaming industry, developing social casino games and sweepstakes platforms.