Special Meeting of Stockholders Scheduled for
June 17, 2021
Acies Acquisition Corp. (Nasdaq: ACAC) (“Acies” or “Company”)
announced today that it has scheduled an extraordinary general
meeting of its shareholders (the “Special Meeting”) to approve the
proposed business combination (the “Business Combination”) with
PLAYSTUDIOS, Inc. (“PLAYSTUDIOS”). The Business Combination, if
approved by Acies’ stockholders, is expected to close on or about
June 17, 2021, or as soon as practicable following the Special
Meeting.
The Company also announced that the U.S. Securities and Exchange
Commission (the “SEC”) has declared effective its Registration
Statement on Form S-4 (as amended, the “Registration Statement”),
which includes a definitive proxy statement/prospectus (the “Proxy
Statement”) for the Special Meeting. Acies will distribute the
Proxy Statement and proxy card to its shareholders of record as of
May 14, 2021, the record date for the Special Meeting (the “Record
Date”). Following the closing, PLAYSTUDIOS Class A common stock and
warrants are expected to trade on the Nasdaq under the new ticker
symbols “MYPS” and “MYPSW”, respectively. The Business Combination,
which was announced on February 1, 2021, has been approved by the
boards of directors of both PLAYSTUDIOS and Acies and is subject to
the approval by Acies’ shareholders and other customary
conditions.
“With SEC review complete, we are excited to be moving toward
closing our business combination with PLAYSTUDIOS,” said Jim
Murren, Chairman of Acies. “As PLAYSTUDIOS reported on May 11, the
Company is off to a strong start in 2021 and revenue growth of 27%
has accelerated compared to last year’s levels. We look forward to
continuing to support PLAYSTUDIOS momentum and, pending shareholder
approval, accelerating its growth as a public company.”
A link to the definitive proxy statement is available under the
“Investors” section of Acies’ website at
https://aciesacq.com/sec-filings. The definitive proxy statement
can also be viewed on the SEC's website at www.sec.gov, filed under
Acies Acquisition Corp.
Due to the various travel and other restrictions in place in
connection with the COVID-19 pandemic, the Special Meeting will be
held virtually and Acies shareholders can attend the Special
Meeting using the virtual meeting instructions set forth on their
proxy cards. If any Acies shareholder has any questions, needs
assistance in voting their shares or does not receive the Proxy
Statement, that shareholder should contact their broker or contact
Morrow Sodali LLC, Acies’ proxy solicitor, at (800) 662-5200 or at
(203) 658-9400, or by email to
ACAC.info@investor.morrowsodali.com.
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, ACACU, ACACW) 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
Important Information About the Business Combination and
Where to Find It
In connection with the proposed Business Combination, the
Company filed the Registration Statement with the SEC, which
includes a proxy statement/prospectus that is both the proxy
statement to be distributed to the Company’s stockholders in
connection with the Company’s solicitation of proxies for the vote
by the Company’s stockholders with respect to the Business
Combination and other matters described in the Registration
Statement, as well as the prospectus relating to the offer and sale
of the securities of the Company to be issued in the Business
Combination. The Registration Statement was declared effective by
the SEC on May 25, 2021 and the definitive proxy
statement/prospectus and other relevant documents have been mailed
to the Company’s stockholders as of the Record Date. The
Company’s stockholders and other interested persons are advised to
read the definitive proxy statement/prospectus included in the
Registration Statement, as these materials contain important
information about the parties to the Business Combination.
Stockholders may also obtain copies of the proxy
statement/prospectus and other documents filed with the SEC,
without charge, at the SEC’s web site at www.sec.gov, or by
directing a request to: Acies Acquisition Corp., 1219 Morningside
Drive, Suite 110, Manhattan Beach, CA 90266, Attention: Daniel
Fetters and Edward King, Co-Chief Executive Officers, (310)
545-9265.
The deadline for Acies’ public stockholders to exercise their
redemption rights in connection with the Business Combination is
June 15, 2021 at 5:00 p.m. Eastern time. If you have any questions
or need assistance voting your shares, please call our proxy
solicitor, Morrow Sodali LLC, at (800) 662-5200 or at (203)
658-9400 or by email to ACAC.info@investor.morrowsodali.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. The Company’s and Acies’
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 include the closing of
the business combination transaction between the Company and Acies.
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 and Acies’ control and are difficult to
predict. Factors that may cause such differences include, but are
not limited to: (1) the risk that the transaction may not be
completed in a timely manner or at all, which may adversely affect
the price of Acies’ securities; (2) the risk that the transaction
may not be completed by Acies’ business combination deadline and
the potential failure to obtain an extension of the business
combination deadline if sought by Acies; (3) the failure to satisfy
the conditions to the consummation of the transaction, including
the approval of the merger agreement by the stockholders of Acies,
the satisfaction of the minimum trust account amount following any
redemptions by Acies’ public stockholders and the receipt of
certain governmental and regulatory approvals; or (4) other risks
and uncertainties included in Acies’ or the Company’s other filings
with the U.S. Securities and Exchange Commission (the “SEC”). The
foregoing list of factors is not exclusive, and readers should also
refer to those risks included under the heading “Risk Factors” in
the registration statement on Form S-4 (File No. 333-253135)
containing the proxy statement/prospectus relating to the proposed
business combination filed by Acies with the SEC, those included
under the heading “Risk Factors” in the final prospectus of Acies
related to its initial public offering and those included in other
filings made by Acies or the Company with the SEC from time to
time. Readers are cautioned not to place undue reliance upon any
forward-looking statements in this press release, which speak only
as of the date made. Acies and the Company do not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements in this
press release to reflect any change in its expectations or any
change in events, conditions or circumstances on which any such
statement is based.
Participants in the Solicitation
Acies and PLAYSTUDIOS and their respective directors and
officers may be deemed participants in the solicitation of proxies
of Acies’ stockholders in connection with the proposed business
combination. Acies’ stockholders and other interested persons may
obtain, without charge, more detailed information regarding the
directors and officers of Acies and of PLAYSTUDIOS in the Company’s
definitive proxy statement / prospectus.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed transaction. This press release shall
also not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210526005297/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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