Brief: Playstudios To Become First Publicly Listed Mobile Games Company Offering Players Real-World Rewards

Playstudios

01/02/2021 22:11

Feb 1 (Reuters) - Acies Acquisition Corp  ACAC.O :
    * PLAYSTUDIOS TO BECOME FIRST PUBLICLY LISTED MOBILE GAMES
COMPANY
OFFERING PLAYERS REAL-WORLD REWARDS
    * PLAYSTUDIOS - CO & ACIES ACQUISITION CORP. HAVE ENTERED
INTO
DEFINITIVE MERGER AGREEMENT THAT WILL RESULT IN PLAYSTUDIOS
BECOMING PUBLICLY LISTED CO
    * PLAYSTUDIOS - TRANSACTION VALUES PLAYSTUDIOS AT
APPROXIMATELY
$1.1 BILLION
    * PLAYSTUDIOS - UPON CLOSING, COMBINED CO TO BE NAMED
PLAYSTUDIOS,
REMAIN LISTED ON NASDAQ UNDER NEW TICKER SYMBOL "MYPS."
    * PLAYSTUDIOS- PLAYSTUDIOS FOUNDER & CEO ANDREW PASCAL TO
CONTINUE
LEADING COMBINED COMPANY
    * PLAYSTUDIOS - CONSIDERATION TO PLAYSTUDIOS WILL COMPRISE
AT
LEAST 89.1 MILLION SHARES OF ACAC COMMON STOCK AND UP TO $150
MILLION IN CASH
    * PLAYSTUDIOS - FUNDS, ACCOUNTS MANAGED BY BLACKROCK,
CLEARBRIDGE
INVESTMENTS, NEUBERGER BERMAN FUNDS, MGM RESORTS INTERNATIONAL
LEADING $250 MILLION PIPE
    * PLAYSTUDIOS - EXISTING PLAYSTUDIOS SHAREHOLDERS ARE
EXPECTED TO
OWN 64% OF COMBINED CO

Source text for Eikon:  ID:nBw9gsQfxa 
Further company coverage:  ACAC.O 

 ((Reuters.Briefs@thomsonreuters.com;))