[SCHEDULE 13G/A] PlayAGS, Inc. SEC Filing

Rhea-AI Filing Summary

PlayAGS, Inc.'s Schedule 13G/A discloses that Glazer Capital, LLC and Paul J. Glazer beneficially own 3,451,287 shares of PlayAGS common stock, representing 8.32% of the outstanding class. The holdings are reported as held through funds and managed accounts for which Glazer Capital acts as investment manager.

The filing states the Reporting Persons have no sole voting or dispositive power and instead hold shared voting and shared dispositive power over 3,451,287 shares. The statement also certifies the position was not acquired to change or influence control of the issuer, consistent with a passive Schedule 13G filing.

Positive

• Beneficial ownership of 3,451,287 shares (8.32%) — a material, greater-than-5% stake disclosed
• Filing certification states securities were not acquired to influence control, consistent with passive 13G disclosure

Negative

• No sole voting or dispositive power reported; all 3,451,287 shares are held with shared voting and shared dispositive authority, limiting unilateral influence

Insights

Financial Analyst

TL;DR Glazer Capital reports an 8.32% passive stake in PlayAGS, a material position without sole control.

Glazer Capital and Paul J. Glazer report beneficial ownership of 3,451,287 shares (8.32%). For investors this represents a noticeable concentrated holding that could affect trading liquidity and signals meaningful institutional interest. The filing classifies the position under Schedule 13G conventions and includes a certification that the securities were not acquired to influence control, implying a passive intent rather than an activist push. The absence of sole voting or dispositive power limits the Reporting Persons' ability to unilaterally direct corporate actions.

Corporate Governance Expert

TL;DR Shared voting and dispositive authority means influence is collective, not unilateral; disclosure is material for governance monitoring.

The Schedule 13G/A shows shared voting and shared dispositive power over all 3,451,287 reported shares and explicitly reports zero sole voting or dispositive power. From a governance perspective, this limits the Reporting Persons' ability to effect change alone and frames them as significant passive holders. Companies and other shareholders should note the size of the stake for engagement and proxy considerations, but the filing itself contains no representation of an intent to alter control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PlayAGS, Inc.

(Name of Issuer)

Common stock, $0.01 par value

(Title of Class of Securities)

72814N104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 72814N104

1

Names of Reporting Persons

Glazer Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,451,287.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,451,287.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,451,287.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.32 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 72814N104

1

Names of Reporting Persons

Paul J. Glazer

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,451,287.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,451,287.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,451,287.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.32 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PlayAGS, Inc.
(b)	Address of issuer's principal executive offices: 6775 S. Edmond St., Ste #300 Las Vegas, NV 89118
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Glazer Capital, LLC, a Delaware limited liability company ("Glazer Capital"), with respect to the shares of Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Glazer Capital serves as investment manager (collectively, the "Glazer Funds"); and (ii) Mr. Paul J. Glazer ("Mr. Glazer"), who serves as the Managing Member of Glazer Capital, with respect to the shares of Common Stock held by the Glazer Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock (as defined in Item 2(d)) reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 250 West 55th Street, Suite 30A, New York, New York 10019.
(c)	Citizenship: Glazer Capital is a Delaware limited liability company. Mr. Glazer is a United States citizen.
(d)	Title of class of securities: Common stock, $0.01 par value
(e)	CUSIP No.: 72814N104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,451,287
(b)	Percent of class: 8.32%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 3,451,287
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,451,287
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Glazer Capital, LLC

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer, Managing Member
Date:	08/14/2025

Paul J. Glazer

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer
Date:	08/14/2025

FAQ

How many PlayAGS (AGS) shares does Glazer Capital report owning?

The filing reports 3,451,287 shares of PlayAGS common stock.

What percentage of AGS does the reported stake represent?

The reported holdings represent 8.32% of the class.

Who filed the Schedule 13G/A for AGS?

The statement was filed by Glazer Capital, LLC and Paul J. Glazer.

Does the filer claim sole voting or dispositive power over the shares?

No. The filing reports 0 sole voting power and 0 sole dispositive power, with 3,451,287 shares held with shared powers.

Was the position acquired to influence control of PlayAGS (AGS)?

The filing includes a certification that the securities were not acquired to change or influence control of the issuer.