completed the merger with a special purpose acquisition company Acies Acquisition Corp
, after approval was obtained at the extraordinary meeting of the latter's shareholders last week.
As of today (Tuesday June 22), the Class A common stock and warrants of the combined company renamed PlayStudios, begin trading on the Nasdaq under the tickers "MYPS" and "MYPSW" respectively.
With approximately $220m in cash, the group is poised to accelerate the company's development initiatives, which include significant expansion of product development and acquisitions of other gaming and related companies.
"As PlayStudios enters this exciting new chapter in our history, we are uniquely positioned to accelerate our growth in a thriving gaming market," he added Andrew Pascal, founder, president and CEO PlayStud ios.