According to the Complaint, Playstudios, Inc. is a developer and publisher of free-to-play casual games for mobile and social platforms.

On or about February 1, 2021, Playstudios ("Old Playstudios"), a privately-held gaming company, and Acies Acquisition Corp., a “blank check” special purpose acquisition company (“SPAC”), entered into a merger agreement to form Playstudios, Inc.

Plaintiff brings this case on behalf of a class consisting of all persons and entities other than Defendants who: (1) purchased, or otherwise acquired securities of Playstudios, Inc. (“Playstudios”) during the Class Period; (2) held common stock of Acies Acquisition Corp. as of May 25, 2021, and were eligible to vote at Acies’ June 16, 2021 special meeting who exchanged their shares of Acies stock for shares of Playstudios stock pursuant to the merger of Acies and Old Playstudios; or (3) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to the Acies’ Registration Statement and Proxy Statement issued in connection with the June 2021 merger.

The Complaint alleges that as a result of Defendants’ wrongful conduct, Plaintiff and other Class members paid artificially inflated prices for their Playstudios securities and suffered substantial losses and damages thereby.

On July 12, 2022, the Court issued an Order appointing Lead Plaintiff and Counsel.

On July 18, 2022, the Court transferred the case to the District of Nevada. Lead Plaintiff filed an amended Complaint on October 4. Defendants filed a Motion to Dismiss the amended Complaint on December 21.

On March 31, 2024, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.

On March 5, 2025, the parties entered into a Stipulation and Agreement of Settlement. The Court granted preliminary approval of the Settlement on June 27.