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The law firm of Robbins Geller Rudman & Dowd LLP announces that the Playstudios class action lawsuit seeks to represent investors who: (1) purchased Playstudios, Inc. (NASDAQ:MYPSMYPSW)) securities between June 22, 2021 and March 1, 2022, both dates inclusive (the “Class Period”), including, but not limited to, those who purchased or acquired Playstudios securities pursuant to the offering of the private investment in public equity (“PIPE” offering); (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 (defined below); and (3) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to Acies’ Registration Statement and Proxy Statement issued in connection with the June 2021 merger. Investors have until June 6, 2022 to seek appointment in the Playstudios class action lawsuit. Commenced on April 5, 2022, the Playstudios class action lawsuit – captioned Felipe v. Playstudios, Inc.No. 22-cv-02164 (ND Cal.) – charges Playstudios, its CEO, and others with violations of the Securities Act of 1933 and/or Securities Exchange Act of 1934.
If you suffered significant losses and wish to serve as lead plaintiff of the Playstudios class action lawsuit, please provide your information by clicking here. You can also contact attorney JC Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Playstudios class action lawsuit must be filed with the court no later than June 6, 2022.
CASE ALLEGATIONS: Acies is a “blank check” special purpose acquisition company (“SPAC”) formed in October 2020. On February 1, 2021, Acies announced that it had reached a merger agreement with Playstudios, a privately-held gaming company (“Old Playstudios “). In the press release announcing the merger, Playstudios announced that the transaction implied an enterprise valuation for Playstudios of $1.1 billion …
Full story available on Benzinga.com
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