Acies Acquisition Corp. Stockholders Approve Proposed Merger With PLAYSTUDIOS
June 17 2021 - 1:00PM
Business Wire
Acies Acquisition Corp. (Nasdaq: ACAC) (“Acies”) announced today
that Acies’ shareholders voted to approve its proposed merger with
PLAYSTUDIOS, Inc. (“PLAYSTUDIOS” or the “Company”), an
award-winning developer of free-to-play casual mobile and social
games that offer real-world rewards to loyal players.
“We are proud to reach this significant milestone in the merger
and would like to thank our shareholders for their support
throughout the process,” said Edward King, Co-CEO of Acies. “We are
excited to support PLAYSTUDIOS as they embark on their journey as a
publicly listed company. We believe the Company is well-positioned
to capitalize on its strategic goals to accelerate growth through
continuing to optimize the core portfolio, launch new games, and
pursue value accretive acquisitions,” added Dan Fetters, Co-CEO of
Acies.
The parties expect the merger to close as soon as practicable.
Following the closing, the Class A common stock and warrants of the
combined company, which will be renamed “PLAYSTUDIOS, Inc.,” are
expected to begin trading on Nasdaq under the ticker symbols,
“MYPS” and “MYPSW,” respectively.
Approximately 97% of the votes cast at the special meeting voted
to adopt the merger agreement. The formal results of the vote will
be included in a Current Report on Form 8-K to be filed by Acies
with the U.S. Securities and Exchange Commission.
About PLAYSTUDIOS Inc.
PLAYSTUDIOS is the developer and operator of award-winning
free-to-play casual games for mobile and social platforms. The
company’s collection of original and published titles is powered by
its groundbreaking playAWARDS loyalty marketing platform, which
enables players to earn real-world rewards from a portfolio of
global entertainment, retail, technology, travel, leisure, and
gaming brands across 17 countries and four continents. Founded by a
team of veteran gaming, hospitality, and technology entrepreneurs,
PLAYSTUDIOS brings together beautifully designed mobile gaming
content with an innovative loyalty platform in order to provide its
players with an unequaled entertainment experience and its partners
with actionable business insights. To learn more about PLAYSTUDIOS,
visit playstudios.com.
About Acies Acquisition Corp.
Acies Acquisition Corp. (Nasdaq: ACAC) is a newly organized
blank check company, formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses. The
Company was established in October 2020 to focus on identifying a
business combination target within the live, location-based and
mobile experiential entertainment industries. To learn more about
Acies, visit https://aciesacq.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the closing of the business combination and the listing
of the Company’s Class A common stock and warrants on the Nasdaq.
The company’s actual results may differ from their expectations,
estimates and projections and consequently, you should not rely on
these forward looking statements as predictions of future events.
Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results. Most of these factors
are outside the company’s control and are difficult to predict.
Factors that may cause such differences include, but are not
limited to: (1) the ability to close the business combination and
to recognize the anticipated benefits of the business combination,
which may be affected by, among other things, competition, the
ability of the company to grow and manage growth profitably, and
retain its key employees; (2) costs related to the business
combination; (3) the inability to maintain listing of the company’s
shares and warrants on the Nasdaq; (4) the company’s ability to
execute its business plan and meet its projections; (5) the outcome
of any legal proceedings that may be instituted against the
company; (6) the impact of COVID-19 on the company’s business; (7)
the company’s transition to becoming a public company including the
associated expenses and the impact of public financial and other
disclosures on its negotiations and arrangements with key
counterparties; (8) changes in applicable laws or regulations; (9)
general economic, business, and/or competitive factors; and (10)
other risks and uncertainties included from time to time in the
company’s other filings with the U.S. Securities and Exchange
Commission (the “SEC”). Additional information will be made
available in other filings that the company makes from time to time
with the SEC. In addition, any forward-looking statements contained
in this press release are based on assumptions that the company
believes to be reasonable as of this date. The company undertakes
no obligation to update any forward-looking statements to reflect
events or circumstances after the date of this press release or to
reflect new information or the occurrence of unanticipated events,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210617005748/en/
Investor Relations Jacques Cornet IR@playstudios.com
Media Relations Doug Donsky / Amy Rossetti
media@playstudios.com
Acies Acquisition Corp. info@aciesacq.com
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