Acies Acquisition set a June 17 meeting for shareholders to vote on its proposed business combination with PLAYSTUDIOS. The deal values the merged entity at $1.1 billion.
The proxy statement on the deal has been declared effective by the SEC.
Terms call for PLAYSTUDIOS to receive at least 89.1 million shares of Acies common stock and up to $150 million in cash. In addition, funds and accounts managed by BlackRock, ClearBridge Investments, Neuberger Berman Funds, and MGM Resorts International are leading participants in a $250 million PIPE.
PLAYSTUDIOS is an award-winning developer of free-to-play casual games for mobile and social platforms that offer real-world rewards to players. Read more.
