MGM

Form 10-K: Acies Acquisition Corp. 2020

Acies Acquisition Corp. operates as a special purpose acquisition company (SPAC) established by industry veterans from MGM Resorts and Morgan Stanley to identify and scale high-growth platforms within the experiential entertainment and gaming sectors.

• Acies Acquisition Corp. is a SPAC that raised $215.25 million in its 2020 IPO to acquire high-growth platforms in the experiential entertainment and gaming sectors.
• The company has entered a definitive merger agreement with PlayStudios, Inc., supported by a $250 million private investment in public equity (PIPE).
• Auditors have expressed substantial doubt regarding the company's ability to continue as a going concern if it fails to complete the PlayStudios merger within the required timeframe due to insufficient working capital.