PLBY Group Converts 25% of Preferred Shares to Common at $1.85 Per Share
Playboy, Inc. (PLBY)
Company Research
Source: GlobeNewswire
LOS ANGELES, Jan. 31, 2025 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”), owner of Playboy, one of the most recognizable and iconic brands in the world, today announced that it has converted 25% (the “Conversion”) of its outstanding shares of Series B Convertible Preferred Stock (the “Series B Stock”) into shares of its common stock (the “Common Stock”) as part of an ongoing streamlining of the balance sheet and deleveraging of the Company. The Company converted 7,000 shares of its 28,000.00001 Series B Stock into 3,784,688 shares of the Company’s Common Stock at a conversion price of $1.85 per share in accordance with the terms of the Series B Stock. The conversion price represents an approximate 23% premium to the price per share in the securities purchase agreement that the Company entered into with Byborg Enterprises SA in December 2024. As a result of the Conversion, the Company reduced the number of shares of Series B Stock outstanding
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PLBY
News
- Playboy: The Asset-Light Transformation, Margins, And Dilution [Seeking Alpha]Seeking Alpha
- All You Need to Know About PLBY Group (PLBY) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Playboy Reports Third Quarter 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
- Playboy Reports Third Quarter 2025 Financial ResultsGlobeNewswire
- PLBY Group (NASDAQ:PLBY) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
PLBY
Earnings
- 11/12/25 - Beat
PLBY
Sec Filings
- 11/25/25 - Form 4
- 11/21/25 - Form 144
- 11/20/25 - Form 8-K
- PLBY's page on the SEC website