AG˹ٷ

STOCK TITAN

[FWP] Morgan Stanley Free Writing Prospectus

Filing Impact
(No impact)
Filing Sentiment
(Neutral)
Form Type
FWP
Rhea-AI Filing Summary

Everi Holdings Inc. (EVRI) filed Post-Effective Amendment No. 1 to twelve prior Form S-8 registration statements covering an aggregate of approximately 48.6 million shares of common stock reserved for various equity compensation plans dating back to 2006. The amendment formally deregisters all unsold shares under those statements.

The action follows the 1 July 2025 closing of a multi-party transaction in which funds managed by affiliates of Apollo Global Management (through Voyager Parent, LLC) simultaneously acquired Everi and International Game Technology PLC’s Gaming & Digital business:

  • IGT transferred its Gaming & Digital assets to Ignite Rotate LLC ("Spinco") and related liabilities (the “Separation�).
  • Buyer purchased all Spinco units and IGT Canada Solutions ULC shares.
  • Voyager Merger Sub, Inc. merged with and into Everi, making Everi a wholly owned subsidiary of Buyer (the “Merger�).

Because Everi’s common stock will be delisted and deregistered under Section 12(b) of the Exchange Act, the company is terminating all outstanding securities offerings. Upon effectiveness of this filing, no shares remain registered for sale under the referenced S-8 statements.

Everi Holdings Inc. (EVRI) ha presentato l'Emendamento Post-Efficacia n. 1 a dodici precedenti dichiarazioni di registrazione Modulo S-8 che coprono un totale di circa 48,6 milioni di azioni ordinarie riservate a vari piani di compensazione azionaria risalenti al 2006. L'emendamento formalizza la cancellazione della registrazione di tutte le azioni invendute ai sensi di tali dichiarazioni.

Questa azione segue la chiusura del 1° luglio 2025 di una transazione multiparte in cui fondi gestiti da affiliati di Apollo Global Management (tramite Voyager Parent, LLC) hanno acquisito contemporaneamente Everi e il settore Gaming & Digital di International Game Technology PLC:

  • IGT ha trasferito i suoi asset Gaming & Digital a Ignite Rotate LLC (“Spinco�) e le passività correlate (la “Separazione�).
  • L'acquirente ha acquistato tutte le unità Spinco e le azioni di IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. si è fusa con Everi, rendendo Everi una controllata al 100% dell'acquirente (la “Fusione�).

Poiché le azioni ordinarie di Everi saranno delistate e cancellate dalla registrazione ai sensi della Sezione 12(b) del Exchange Act, la società sta terminando tutte le offerte di titoli in corso. Con l'efficacia di questa presentazione, non rimangono azioni registrate per la vendita ai sensi delle dichiarazioni S-8 menzionate.

Everi Holdings Inc. (EVRI) presentó la Enmienda Post-Efectiva No. 1 a doce declaraciones de registro Formulario S-8 previas, que cubren un total de aproximadamente 48,6 millones de acciones ordinarias reservadas para varios planes de compensación accionaria desde 2006. La enmienda formalmente anula el registro de todas las acciones no vendidas bajo esas declaraciones.

Esta acción sigue al cierre del 1 de julio de 2025 de una transacción multipartita en la que fondos gestionados por afiliados de Apollo Global Management (a través de Voyager Parent, LLC) adquirieron simultáneamente Everi y el negocio de Juegos y Digital de International Game Technology PLC:

  • IGT transfirió sus activos de Juegos y Digital a Ignite Rotate LLC (“Spinco�) y las pasivos relacionados (la “Separación�).
  • El comprador adquirió todas las unidades de Spinco y las acciones de IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. se fusionó con Everi, convirtiendo a Everi en una filial de propiedad total del comprador (la “Fusión�).

Dado que las acciones ordinarias de Everi serán retiradas de la cotización y canceladas bajo la Sección 12(b) del Exchange Act, la compañía está terminando todas las ofertas de valores pendientes. Con la efectividad de esta presentación, no quedan acciones registradas para la venta bajo las declaraciones S-8 mencionadas.

Everi Holdings Inc. (EVRI)� 2006년부� 다양� 주식 보상 계획� 위해 예약� � � 4,860� �� 보통주를 포함하는 이전� 12� Form S-8 등록 서류� 대� 사후효과 수정� 1호를 제출했습니다. � 수정안은 해당 서류� 따른 모든 미판� 주식� 등록 말소� 공식화합니다.

� 조치� 2025� 7� 1� 마감� 다자� 거래� 따른 것으�, Apollo Global Management 계열사가 관리하� 펀드가 Voyager Parent, LLC� 통해 동시� EveriInternational Game Technology PLC� Gaming & Digital 사업부� 인수했습니다:

  • IGT� Gaming & Digital 자산� Ignite Rotate LLC(“Spinco�) � 관� 부채로 이전했습니다(“분리�).
  • 구매자는 Spinco� 모든 유닛� IGT Canada Solutions ULC� 주식� 매입했습니다.
  • Voyager Merger Sub, Inc.가 Everi왶 합병되어 Everi� 구매자의 완전 자회�가 되었습니�(“합병�).

Everi� 보통주는 Exchange Act 섹션 12(b)� 따라 상장 폐지 � 등록 말소� 예정이므�, 회사� 모든 미완� 증권 공모� 종료합니�. � 제출� 효력� 발휘하면, 참조� S-8 서류� 따라 판매 등록� 주식은 � 이상 남아 있지 않습니다.

Everi Holdings Inc. (EVRI) a déposé l'Amendement Post-Efficace n° 1 à douze déclarations d'enregistrement Formulaire S-8 antérieures couvrant un total d'environ 48,6 millions d'actions ordinaires réservées à divers plans de rémunération en actions depuis 2006. L'amendement procède formellement à la déréservation de toutes les actions invendues sous ces déclarations.

Cette action fait suite à la clôture du 1er juillet 2025 d'une transaction multipartite dans laquelle des fonds gérés par des affiliés de Apollo Global Management (via Voyager Parent, LLC) ont simultanément acquis Everi et le secteur Gaming & Digital d'International Game Technology PLC :

  • IGT a transféré ses actifs Gaming & Digital à Ignite Rotate LLC (« Spinco ») ainsi que les passifs associés (la « Séparation »).
  • L'acheteur a acquis toutes les unités de Spinco ainsi que les actions d'IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. a fusionné avec Everi, faisant d'Everi une filiale entièrement détenue par l'acheteur (la « Fusion »).

Étant donné que les actions ordinaires d'Everi seront radiées et déréférencées conformément à la Section 12(b) du Exchange Act, la société met fin à toutes les offres de titres en cours. Dès l'entrée en vigueur de ce dépôt, aucune action n'est plus enregistrée pour la vente sous les déclarations S-8 mentionnées.

Everi Holdings Inc. (EVRI) hat die Nachregistrierung Nr. 1 zu zwölf früheren Formular S-8-Registrierungserklärungen eingereicht, die insgesamt ca. 48,6 Millionen Aktien Stammaktien abdecken, die für verschiedene Aktienvergütungspläne seit 2006 reserviert sind. Die Änderung deregistriert formell alle unverkauften Aktien unter diesen Erklärungen.

Diese Maßnahme folgt dem Abschluss am 1. Juli 2025 einer mehrseitigen Transaktion, bei der von verbundenen Unternehmen von Apollo Global Management (über Voyager Parent, LLC) verwaltete Fonds gleichzeitig Everi und das Gaming & Digital-Geschäft von International Game Technology PLC erworben haben:

  • IGT übertrug seine Gaming & Digital-Vermögenswerte an Ignite Rotate LLC („Spinco�) sowie die zugehörigen Verbindlichkeiten (die „Trennung�).
  • Der Käufer erwarb alle Spinco-Anteile und die Aktien von IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. fusionierte mit Everi, wodurch Everi eine vollständig im Eigentum des Käufers stehende Tochtergesellschaft wurde (die „Fusion�).

Da die Stammaktien von Everi nach Abschnitt 12(b) des Exchange Act delistet und deregistriert werden, beendet das Unternehmen alle ausstehenden Wertpapierangebote. Mit Wirksamkeit dieser Einreichung sind keine Aktien mehr zum Verkauf registriert unter den genannten S-8-Erklärungen.

Positive
  • None.
Negative
  • Deregistration and delisting mean Everi's common stock no longer trades publicly, eliminating liquidity for former public shareholders.

Insights

TL;DR: Filing is a routine step to clean up equity plans after Apollo’s take-private of Everi; market impact already priced in.

The amendment contains no new economic terms—it simply extinguishes unsold shares tied to legacy equity incentive plans now that Everi is a private subsidiary. All corporate actions (Separation, Equity Sale, Merger) closed concurrently on 1 July 2025, so public investors have already received consideration negotiated in 2024. Deregistration avoids ongoing reporting obligations and potential securities law exposure. For holders of former EVRI stock, there is no incremental value change; for private-market stakeholders, the clean cap-table eases future incentive redesign. Overall, administrative and not market-moving.

TL;DR: Procedural S-8 POS removes ~48.6 M unsold shares, finalizing Everi’s exit from SEC registration.

The company fulfills its Rule 415 undertaking to withdraw securities once an offering ends. With Everi no longer subject to Section 12(b), maintaining Form S-8s would be impermissible. The filing cites each registration number, share count, and underlying plan, providing transparency. Signatures from key officers and directors, plus a renewed power-of-attorney, satisfy Rule 462. There are no hidden liabilities or indemnities disclosed; thus, the amendment should become effective upon filing pursuant to Rule 464. Compliance-oriented impact, neutral to valuation.

Everi Holdings Inc. (EVRI) ha presentato l'Emendamento Post-Efficacia n. 1 a dodici precedenti dichiarazioni di registrazione Modulo S-8 che coprono un totale di circa 48,6 milioni di azioni ordinarie riservate a vari piani di compensazione azionaria risalenti al 2006. L'emendamento formalizza la cancellazione della registrazione di tutte le azioni invendute ai sensi di tali dichiarazioni.

Questa azione segue la chiusura del 1° luglio 2025 di una transazione multiparte in cui fondi gestiti da affiliati di Apollo Global Management (tramite Voyager Parent, LLC) hanno acquisito contemporaneamente Everi e il settore Gaming & Digital di International Game Technology PLC:

  • IGT ha trasferito i suoi asset Gaming & Digital a Ignite Rotate LLC (“Spinco�) e le passività correlate (la “Separazione�).
  • L'acquirente ha acquistato tutte le unità Spinco e le azioni di IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. si è fusa con Everi, rendendo Everi una controllata al 100% dell'acquirente (la “Fusione�).

Poiché le azioni ordinarie di Everi saranno delistate e cancellate dalla registrazione ai sensi della Sezione 12(b) del Exchange Act, la società sta terminando tutte le offerte di titoli in corso. Con l'efficacia di questa presentazione, non rimangono azioni registrate per la vendita ai sensi delle dichiarazioni S-8 menzionate.

Everi Holdings Inc. (EVRI) presentó la Enmienda Post-Efectiva No. 1 a doce declaraciones de registro Formulario S-8 previas, que cubren un total de aproximadamente 48,6 millones de acciones ordinarias reservadas para varios planes de compensación accionaria desde 2006. La enmienda formalmente anula el registro de todas las acciones no vendidas bajo esas declaraciones.

Esta acción sigue al cierre del 1 de julio de 2025 de una transacción multipartita en la que fondos gestionados por afiliados de Apollo Global Management (a través de Voyager Parent, LLC) adquirieron simultáneamente Everi y el negocio de Juegos y Digital de International Game Technology PLC:

  • IGT transfirió sus activos de Juegos y Digital a Ignite Rotate LLC (“Spinco�) y las pasivos relacionados (la “Separación�).
  • El comprador adquirió todas las unidades de Spinco y las acciones de IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. se fusionó con Everi, convirtiendo a Everi en una filial de propiedad total del comprador (la “Fusión�).

Dado que las acciones ordinarias de Everi serán retiradas de la cotización y canceladas bajo la Sección 12(b) del Exchange Act, la compañía está terminando todas las ofertas de valores pendientes. Con la efectividad de esta presentación, no quedan acciones registradas para la venta bajo las declaraciones S-8 mencionadas.

Everi Holdings Inc. (EVRI)� 2006년부� 다양� 주식 보상 계획� 위해 예약� � � 4,860� �� 보통주를 포함하는 이전� 12� Form S-8 등록 서류� 대� 사후효과 수정� 1호를 제출했습니다. � 수정안은 해당 서류� 따른 모든 미판� 주식� 등록 말소� 공식화합니다.

� 조치� 2025� 7� 1� 마감� 다자� 거래� 따른 것으�, Apollo Global Management 계열사가 관리하� 펀드가 Voyager Parent, LLC� 통해 동시� EveriInternational Game Technology PLC� Gaming & Digital 사업부� 인수했습니다:

  • IGT� Gaming & Digital 자산� Ignite Rotate LLC(“Spinco�) � 관� 부채로 이전했습니다(“분리�).
  • 구매자는 Spinco� 모든 유닛� IGT Canada Solutions ULC� 주식� 매입했습니다.
  • Voyager Merger Sub, Inc.가 Everi왶 합병되어 Everi� 구매자의 완전 자회�가 되었습니�(“합병�).

Everi� 보통주는 Exchange Act 섹션 12(b)� 따라 상장 폐지 � 등록 말소� 예정이므�, 회사� 모든 미완� 증권 공모� 종료합니�. � 제출� 효력� 발휘하면, 참조� S-8 서류� 따라 판매 등록� 주식은 � 이상 남아 있지 않습니다.

Everi Holdings Inc. (EVRI) a déposé l'Amendement Post-Efficace n° 1 à douze déclarations d'enregistrement Formulaire S-8 antérieures couvrant un total d'environ 48,6 millions d'actions ordinaires réservées à divers plans de rémunération en actions depuis 2006. L'amendement procède formellement à la déréservation de toutes les actions invendues sous ces déclarations.

Cette action fait suite à la clôture du 1er juillet 2025 d'une transaction multipartite dans laquelle des fonds gérés par des affiliés de Apollo Global Management (via Voyager Parent, LLC) ont simultanément acquis Everi et le secteur Gaming & Digital d'International Game Technology PLC :

  • IGT a transféré ses actifs Gaming & Digital à Ignite Rotate LLC (« Spinco ») ainsi que les passifs associés (la « Séparation »).
  • L'acheteur a acquis toutes les unités de Spinco ainsi que les actions d'IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. a fusionné avec Everi, faisant d'Everi une filiale entièrement détenue par l'acheteur (la « Fusion »).

Étant donné que les actions ordinaires d'Everi seront radiées et déréférencées conformément à la Section 12(b) du Exchange Act, la société met fin à toutes les offres de titres en cours. Dès l'entrée en vigueur de ce dépôt, aucune action n'est plus enregistrée pour la vente sous les déclarations S-8 mentionnées.

Everi Holdings Inc. (EVRI) hat die Nachregistrierung Nr. 1 zu zwölf früheren Formular S-8-Registrierungserklärungen eingereicht, die insgesamt ca. 48,6 Millionen Aktien Stammaktien abdecken, die für verschiedene Aktienvergütungspläne seit 2006 reserviert sind. Die Änderung deregistriert formell alle unverkauften Aktien unter diesen Erklärungen.

Diese Maßnahme folgt dem Abschluss am 1. Juli 2025 einer mehrseitigen Transaktion, bei der von verbundenen Unternehmen von Apollo Global Management (über Voyager Parent, LLC) verwaltete Fonds gleichzeitig Everi und das Gaming & Digital-Geschäft von International Game Technology PLC erworben haben:

  • IGT übertrug seine Gaming & Digital-Vermögenswerte an Ignite Rotate LLC („Spinco�) sowie die zugehörigen Verbindlichkeiten (die „Trennung�).
  • Der Käufer erwarb alle Spinco-Anteile und die Aktien von IGT Canada Solutions ULC.
  • Voyager Merger Sub, Inc. fusionierte mit Everi, wodurch Everi eine vollständig im Eigentum des Käufers stehende Tochtergesellschaft wurde (die „Fusion�).

Da die Stammaktien von Everi nach Abschnitt 12(b) des Exchange Act delistet und deregistriert werden, beendet das Unternehmen alle ausstehenden Wertpapierangebote. Mit Wirksamkeit dieser Einreichung sind keine Aktien mehr zum Verkauf registriert unter den genannten S-8-Erklärungen.

Free Writing Prospectus to Preliminary Pricing Supplement No. 9,178

Registration Statement Nos. 333-275587; 333-275587-01

Dated July 1, 2025; Filed pursuant to Rule 433

Morgan Stanley

SPUMP40 Jump Securities with Auto-Callable Feature due August 5, 2030

This document provides a summary of the terms of the securities. Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, index supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.


Terms

Issuer:

Morgan Stanley Finance LLC

Guarantor:

Morgan Stanley

Underlier:

S&P® U.S. Equity Momentum 40% VT 4% Decrement Index (SPUMP40)

Automatic early redemption:

Determination date:

Call threshold level:

Early redemption payment (per security):

#1

August 3, 2026

90% of the initial level

$1,172.50 to $1,182.50

#2

August 31, 2026

$1,186.875 to $1,197.708

#3

September 30, 2026

$1,201.25 to $1,212.917

#4

October 30, 2026

$1,215.625 to $1,228.125

#5

November 30, 2026

$1,230.00 to $1,243.333

#6

December 31, 2026

$1,244.375 to $1,258.542

#7

January 29, 2027

$1,258.75 to $1,273.75

#8

February 26, 2027

$1,273.125 to $1,288.958

#9

March 31, 2027

$1,287.50 to $1,304.167

#10

April 30, 2027

$1,301.875 to $1,319.375

#11

May 28, 2027

$1,316.25 to $1,334.583

#12

June 30, 2027

$1,330.625 to $1,349.792

#13

July 30, 2027

$1,345.00 to $1,365.00

#14

August 31, 2027

$1,359.375 to $1,380.208

#15

September 30, 2027

$1,373.75 to $1,395.417

#16

October 29, 2027

$1,388.125 to $1,410.625

#17

November 30, 2027

$1,402.50 to $1,425.833

#18

December 31, 2027

$1,416.875 to $1,441.042

#19

January 31, 2028

$1,431.25 to $1,456.25

#20

February 29, 2028

$1,445.625 to $1,471.458

#21

March 31, 2028

$1,460.00 to $1,486.667

#22

April 28, 2028

$1,474.375 to $1,501.875

#23

May 31, 2028

$1,488.75 to $1,517.083

#24

June 30, 2028

$1,503.125 to $1,532.292

#25

July 31, 2028

$1,517.50 to $1,547.50

#26

August 31, 2028

$1,531.875 to $1,562.708

#27

September 29, 2028

$1,546.25 to $1,577.917

#28

October 31, 2028

$1,560.625 to $1,593.125

#29

November 30, 2028

$1,575.00 to $1,608.333

#30

December 29, 2028

$1,589.375 to $1,623.542

#31

January 31, 2029

$1,603.75 to $1,638.75

#32

February 28, 2029

$1,618.125 to $1,653.958

#33

March 29, 2029

$1,632.50 to $1,669.167

#34

April 30, 2029

$1,646.875 to $1,684.375

#35

May 31, 2029

$1,661.25 to $1,699.583

#36

June 29, 2029

$1,675.625 to $1,714.792

#37

July 31, 2029

$1,690.00 to $1,730.00

#38

August 31, 2029

$1,704.375 to $1,745.208

#39

September 28, 2029

$1,718.75 to $1,760.417

#40

October 31, 2029

$1,733.125 to $1,775.625

#41

November 30, 2029

$1,747.50 to $1,790.833

#42

December 31, 2029

$1,761.875 to $1,806.042

#43

January 31, 2030

$1,776.25 to $1,821.25

#44

February 28, 2030

$1,790.625 to $1,836.458

#45

March 29, 2030

$1,805.00 to $1,851.667

 

 

 

#46

April 30, 2030

 

$1,819.375 to $1,866.875

#47

May 31, 2030

$1,833.75 to $1,882.083

#48

June 28, 2030

$1,848.125 to $1,897.292

Downside threshold level:

60% of the initial level

Pricing date:

July 31, 2025

Final determination date:

July 31, 2030

Maturity date:

August 5, 2030

CUSIP:

61778NFV8

Estimated value:

$919.40 per security, or within $55.00 of that estimate

Preliminary pricing supplement:

https://www.sec.gov/Archives/edgar/data/895421/000183988225036087/ms9178_424b2-19737.htm

1All payments are subject to our credit risk

Hypothetical Examples

Automatic Early Redemption1

Determination Date

% Change in Closing Level of the Underlier

Early Redemption Payment (per Security)

#1

-20%

--

#2

+20%

$1,186.875 *

The securities are automatically redeemed on the second early redemption date. Investors will receive a payment of $1,186.875 per security on the related early redemption date.

Hypothetical Payment at Maturity1

(if the securities have not been automatically redeemed prior to maturity)

% Change in Closing Level of the Underlier

Payment at Maturity (per Security)

+60.00%

$1,862.50*

+40.00%

$1,862.50*

+20.00%

$1,862.50*

0.00%

$1,862.50*

-10.00%

$1,862.50*

-20.00%

$1,000.00

-40.00%

$1,000.00

-41.00%

$590.00

-50.00%

$500.00

-60.00%

$400.00

-80.00%

$200.00

-100.00%

$0.00

*Assumes a call return of approximately 17.25% per annum


 

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-584-6837.

Underlier(s)

For more information about the underlier(s), including historical performance information, see the accompanying preliminary pricing supplement.

Risk Considerations

The risks set forth below are discussed in more detail in the “Risk Factors” section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.

Risks Relating to an Investment in the Securities

The securities do not guarantee the return of any principal and do not pay interest.

The appreciation potential of the securities is limited by the fixed early redemption payment or payment at maturity specified for each determination date.

The securities are subject to early redemption risk.

The market price of the securities may be influenced by many unpredictable factors.

The securities are subject to our credit risk, and any actual or anticipated changes to our credit ratings or credit spreads may adversely affect the market value of the securities.

As a finance subsidiary, MSFL has no independent operations and will have no independent assets.

The rate we are willing to pay for securities of this type, maturity and issuance size is likely to be lower than the rate implied by our secondary market credit spreads and advantageous to us. Both the lower rate and the inclusion of costs associated with issuing, selling, structuring and hedging the securities in the original issue price reduce the economic terms of the securities, cause the estimated value of the securities to be less than the original issue price and will adversely affect secondary market prices.

The estimated value of the securities is determined by reference to our pricing and valuation models, which may differ from those of other dealers and is not a maximum or minimum secondary market price.

The securities will not be listed on any securities exchange and secondary trading may be limited.

As discussed in more detail in the accompanying product supplement, investing in the securities is not equivalent to investing in the underlier(s).

The U.S. federal income tax consequences of an investment in the securities are uncertain.

Risks Relating to the Underlier(s)

Because your return on the securities will depend upon the performance of the underlier, the securities are subject to the following risks, as discussed in more detail in the accompanying index supplement. The accompanying index supplement refers to the underlier as the “Index.”

oNo assurance can be given that the investment strategy used to construct the Index will achieve its intended results or that the Index will be successful or will outperform any alternative index or strategy that might reference the Index Components.

oThe decrement of 4% per annum will adversely affect the performance of the Index in all cases, whether the Index appreciates or depreciates.

oThe Index is subject to risks associated with the use of significant leverage.

oThe Index may not be fully invested.

oThe Index was established on March 14, 2022 and therefore has very limited operating history.

oAs the Index is new and has very limited historical performance, any investment in the Index may involve greater risk than an investment in an index with longer actual historical performance and a proven track record.

oHigher future prices of the futures contract to which the Index is linked relative to its current prices may adversely affect the value of the Index and the value of instruments linked to the Index.

oSuspensions or disruptions of market trading in futures markets could adversely affect the price of instruments linked to the Index.

oLegal and regulatory changes could adversely affect the return on and value of your securities.

oThe E-mini Russell 2000 futures contracts are one of the Index Components and are subject to risks associated with small-capitalization companies.

oAdjustments to the Index could adversely affect the value of instruments linked to the Index.

Risks Relating to Conflicts of Interest

The calculation agent, which is a subsidiary of Morgan Stanley and an affiliate of MSFL, will make determinations with respect to the securities.

Hedging and trading activity by our affiliates could potentially adversely affect the value of the securities.

Tax Considerations

You should review carefully the discussion in the accompanying preliminary pricing supplement under the caption “Additional Information About the Securities–United States federal income tax considerations” concerning the U.S. federal income tax consequences of an investment in the securities, and you should consult your tax adviser.

 

 

FAQ

Why did Everi Holdings (EVRI) file a Post-Effective Amendment to its S-8 registrations?

The company is terminating all equity plan offerings and deregistering unsold shares after being acquired and delisted.

How many shares are being deregistered by Everi Holdings?

The amendment covers approximately 48.6 million unsold shares tied to twelve prior Form S-8 statements.

What transaction triggered the deregistration of EVRI shares?

On 1 July 2025 Everi merged with a subsidiary of Voyager Parent, LLC, an Apollo-managed entity, becoming a private company.

Which other business was acquired alongside Everi in the Apollo transaction?

Apollo also acquired IGT’s Gaming & Digital business, transferred to a new entity called Ignite Rotate LLC (Spinco).

Will Everi continue to file reports with the SEC after this amendment?

No. Following delisting and deregistration under Section 12(b), Everi will cease periodic SEC reporting obligations.
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