PLAYSTUDIOS, Inc. (Nasdaq: MYPS) announced on September 24, 2026, that it will implement a 1-for-10 reverse stock split of its Class A and Class B common stock. The split is scheduled to become effective at 5:00 p.m. Eastern Time on September 30, 2026. Following the split, the company’s Class A common stock is expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market under the existing ticker symbol “MYPS” at the opening of trading on October 1, 2026.
The reverse stock split will combine every 10 shares of Class A and Class B common stock issued and outstanding immediately prior to the effective time into one share of each class. The move was approved by stockholders at the company’s 2026 Annual Meeting of Stockholders and is intended to support the company’s efforts to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. The split will not alter the par value of the shares or the number of authorized shares, nor will it change the relative voting rights of the holders of Class A and Class B common stock. Stockholders who would otherwise receive fractional shares will instead receive cash in lieu of the fractional share, calculated based on the official closing price of the Class A Common Stock on September 30, 2026.
In addition to the reverse split announcement, the company reported that during the third quarter of 2026 through September 24, it repurchased approximately 4.3 million shares of Class A common stock. The aggregate purchase price for these shares was $3.0 million, representing an average price of approximately $0.71 per share. These purchases were conducted through open-market transactions pursuant to the company’s existing Rule 10b5-1 share repurchase plan. The company stated that it continues to evaluate opportunities to return capital to stockholders, including through additional share repurchases under its existing authorization and other potential capital return initiatives.
