PlayAGS, Inc., a gaming company, has filed additional materials with the SEC as part of its definitive proxy statement, following a series of unsolicited acquisition proposals from Brightstar Capital Partners. The supplemental disclosures were made in response to fourteen demand letters and two lawsuits from purported stockholders, who challenged the adequacy of information in the original proxy statement. The legal actions, which allege omissions in the proxy statement, have been named Fleming v. PlayAGS, Inc. et al., and Miller v. PlayAGS, Inc. et al. Despite these challenges, PlayAGS denies any wrongdoing and has not admitted to the necessity or materiality of the additional disclosures. The supplemental information includes revised financial analyses and details of the acquisition proposals, which began with...Show More

PlayAGS, Inc., a gaming company, has filed additional materials with the SEC as part of its definitive proxy statement, following a series of unsolicited acquisition proposals from Brightstar Capital Partners. The supplemental disclosures were made in response to fourteen demand letters and two lawsuits from purported stockholders, who challenged the adequacy of information in the original proxy statement. The legal actions, which allege omissions in the proxy statement, have been named Fleming v. PlayAGS, Inc. et al., and Miller v. PlayAGS, Inc. et al. Despite these challenges, PlayAGS denies any wrongdoing and has not admitted to the necessity or materiality of the additional disclosures. The supplemental information includes revised financial analyses and details of the acquisition proposals, which began with a December Proposal offering a premium of 33% to 42% over PlayAGS's closing stock price on December 22, 2023, and culminated in a Final Proposal on March 31, 2024, with a 62% premium. The company urges stockholders to vote on the proposed merger, which would result in PlayAGS becoming a wholly owned subsidiary of Brightstar's affiliate. The information in the supplement is current as of July 1, 2024, and is intended to be read in conjunction with the original proxy statement.