UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 7.01. | Regulation FD Disclosure. |
As previously disclosed, on June 14, 2021, Yuzhu Shi and certain of his affiliates (collectively, the “Shi Affiliates”), who collectively control, directly or indirectly, shares of common stock representing 60.2 % of the total voting power of Playtika Holding Corporation (“Playtika”) announced the entry into an agreement (the “Agreement”), pursuant to which, if consummated, one of Yuzhu Shi’s affiliates, Giant Network Group Co. Ltd. (“Giant”), a publicly traded company on the Shenzhen Stock Exchange (the “SSE”), would be transferred beneficial ownership of certain shares of Playtika common stock currently owned by Mr. Shi and his affiliates, the result of which would be that Giant would control the voting power of the shares of Playtika common stock representing 60.2% of the shares of common stock of Playtika currently controlled by the Shi Affiliates (the “Reorganization”). The Reorganization would permit Giant to consolidate Playtika for Giant’s financial statements.
On July 12, 2021, the Shi Affiliates and Giant announced the termination of the Agreement prior to consummating the Reorganization. As a result of the termination, the regulatory requirements pursuant to the SSE and Giant’s organizational documents described in the Current Report on Form 8-K filed by Playtika on June 14, 2021 are no longer applicable to Playtika’s operations.
For information regarding the risks related to our controlling stockholders, refer to the section entitled “Risk Factors” in Playtika’s Annual Report on Form 10-K.
The foregoing information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any of Playtika’s filings, whether made before or after the date hereof, regardless of any general incorporation language in any such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PLAYTIKA HOLDING CORP. | ||||||
| Date: July 12, 2021 | By: | /s/ Craig Abrahams | ||||
| Craig Abrahams | ||||||
| President and Chief Financial Officer | ||||||
Document and Entity Information |
Jul. 12, 2021 |
|---|---|
| Cover [Abstract] | |
| Entity Address, Address Line Three | Israel 4672408 |
| Amendment Flag | false |
| Entity Central Index Key | 0001828016 |
| Document Type | 8-K |
| Document Period End Date | Jul. 12, 2021 |
| Entity Registrant Name | PLAYTIKA HOLDING CORP. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-39896 |
| Entity Tax Identification Number | 81-3634591 |
| Entity Address, Address Line One | c/o Playtika Ltd. |
| Entity Address, Address Line Two | HaChoshlim St 8 |
| Entity Address, City or Town | Herzliya Pituarch |
| Entity Address, Country | IL |
| Entity Address, Postal Zip Code | 4672408 |
| City Area Code | 972-73 |
| Local Phone Number | 316-3251 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common stock, par value $0.01 per share |
| Trading Symbol | PLTK |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |