PLAYSTUDIOS Sets 1-for-10 Reverse Split to Support Nasdaq Listing

Key Facts

PLAYSTUDIOS announced a 1-for-10 reverse split of its Class A and Class B common stock, effective at 5:00 p.m. Eastern Time on September 30, 2026. The company expects its Class A shares, traded as MYPS, to begin split-adjusted trading when the market opens on October 1, 2026. PLAYSTUDIOS said the action is intended to support its effort to regain compliance with Nasdaq’s $1.00 minimum bid-price requirement. It also reported repurchasing about 4.3 million shares during the third quarter of 2026 through September 24. The announcement combines a change in the number of shares outstanding with a separate program that uses company cash to buy shares.

Under the split, every 10 outstanding Class A shares become one Class A share, and the same conversion applies to Class B shares. A holder therefore owns fewer shares afterward, while the theoretical price per share rises proportionately if the company’s market value is unchanged. PLAYSTUDIOS said the transaction will leave the $0.0001 par value and the number of authorized shares unchanged. It will also preserve the relative voting rights of the two classes because each is adjusted at the same ratio. Those terms matter to investors assessing the transaction: it expresses existing ownership in fewer units without bringing new cash into the company.

MYPS was trading below the listing threshold the company aims to meet before the announcement. It closed at $0.461 on September 22, 2026, and at $0.44 on September 23, according to EL7 data. The stock traded between $0.44 and $0.4725 during the September 23 session, showing that day’s range as well as its closing price. On September 24, it closed at $0.4462, according to EL7 data, ahead of the start of split-adjusted trading. Those prices explain the importance of lifting the quoted price per share, but they do not predict where buyers and sellers will set the price after the split.

To regain compliance, the closing bid price of the Class A shares must reach at least $1.00 for 10 consecutive business days by November 2, 2026. PLAYSTUDIOS previously disclosed that it had been given an additional period to satisfy the requirement after its shares traded below the threshold. A reverse split raises the theoretical price of each share because the same equity value is divided among fewer outstanding shares. The actual trading price, however, is set by the market and can depart from that theoretical level as supply and demand change. Completing the split alone therefore cannot establish compliance; the required sequence of closing bid prices remains the test.

PLAYSTUDIOS said it bought about 4.3 million Class A shares for $3.0 million in the third quarter of 2026 through September 24. The disclosed average was about $0.71 a share, with purchases made in the open market under an existing repurchase plan. Those transactions use cash to acquire actual shares, unlike a split, which changes the share count without buying investors’ holdings. Repurchases can affect shares available and the ownership stakes of remaining holders, depending on how the company holds the acquired shares. Reporting purchases already made does not commit the company to keep buying at the same pace.

An earlier filing provides a basis for reading the size and timing of the repurchase figures. PLAYSTUDIOS said $38.5 million remained authorized under its program as of June 30, 2026. In its second-quarter filing, it also reported buying another 4.1 million shares after that date for $3.0 million, at an average of $0.73 a share, through the filing’s reporting date. The September 24 announcement covers third-quarter purchases through that later date and gives an updated total of 4.3 million shares. Because the figures have different measurement dates, they do not describe separate programs and should not be added together.

PLAYSTUDIOS shareholders authorized the board on July 10, 2026, to implement a reverse split at a ratio between 1-for-10 and 1-for-30. The company has now selected the low end of that approved range, according to its implementation announcement. The earlier vote means the specified ratio falls within an existing shareholder authorization, rather than a new vote announced alongside the effective date. The current decision also connects that authorization to the deadline for regaining minimum bid-price compliance. For investors, the sequence distinguishes approval of the split option from the later choice to use it at a particular ratio.

PLAYSTUDIOS will not issue fractional shares in the split; eligible holders will receive cash instead under the announced terms. The payment uses the official closing price of Class A shares on September 30, 2026, adjusted for the split ratio. The company said holders of shares registered electronically need take no action to receive their adjusted shares or any cash due for fractions. Shares held through a broker are subject to that intermediary’s processing procedures. Cash settlement for fractions can affect a small holding, making the treatment of any remaining fractional interest relevant to those investors.

The transaction comes as PLAYSTUDIOS’ operating results remain relevant to the stock’s value alongside the listing issue. Second-quarter 2026 revenue was $55.0 million, down from $59.3 million in the comparable 2025 quarter. Net loss widened to $13.3 million from $2.9 million, according to the company’s results. PLAYSTUDIOS had $102.7 million in cash and cash equivalents as of June 30, 2026. Those figures make the cash used for repurchases and the direction of revenue and losses important when assessing the shares after their price and count are adjusted.

The next dates are set: the split is scheduled to take effect September 30, 2026, and adjusted MYPS trading is expected to begin October 1, 2026. The market test then becomes whether the closing bid stays at or above $1.00 for 10 consecutive business days before the November 2, 2026, deadline. If PLAYSTUDIOS does not regain compliance by then, it may receive a delisting notice, subject to its right to appeal under its earlier disclosure. Post-split trading will show whether the higher quoted price leads to sustained compliance rather than a temporary arithmetic change. Later company reports will also show whether repurchases continue and how the operating performance behind the shares’ economic value develops.