PLAYSTUDIOS Announces 1-for-10 Reverse Stock Split and Provides an Update on Stock Repurchases

LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (the “Company”) today announced that it will effect a 1-for-10 reverse stock split (the “Reverse Stock Split”) of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), and Class B common stock, par value $0.0001 per share (the “Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”). The Reverse Stock Split will become effective at 5:00 p.m. Eastern Time on September 30, 202