DelistingMay 5, 2026, 04:08 PM
PLAYSTUDIOS Transfers to Nasdaq Capital Market, Gets Delisting Extension
AI Summary
PLAYSTUDIOS, Inc. failed to regain compliance with Nasdaq's $1.00 minimum bid price requirement by the May 4, 2026 deadline. Nasdaq approved the company's application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective May 6, 2026. This transfer grants PLAYSTUDIOS a second 180-calendar-day compliance period, expiring November 2, 2026, to meet the minimum bid price. The company is considering a reverse stock split as a potential option to cure the deficiency.
Key Highlights
- Received Nasdaq non-compliance notice on November 5, 2025, for bid price below $1.00.
- Failed to regain compliance by the first 180-day period deadline of May 4, 2026.
- Nasdaq approved transfer to Nasdaq Capital Market on May 5, 2026, effective May 6, 2026.
- Granted a second 180-day compliance period, expiring November 2, 2026.
- Must achieve a closing bid price of at least $1.00 for 10 consecutive business days.
- Company may implement a reverse stock split to cure the deficiency.
Price Impact
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