PLBY Group Completes $22.35 Million Private Placement
November 05 2024 - 3:15PM
PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group” or the “Company”),
owner of Playboy, one of the most recognizable and iconic brands in
the world, announced today the closing of its previously announced
sale of 14.9 million newly issued, unregistered shares of common
stock of PLBY Group, in a private placement to an affiliate of
Byborg Enterprises SA, at a price of $1.50 per share, for a total
purchase price of $22.35 million. The sold shares are subject to a
lock-up, under which they may not be sold or pledged for one year,
subject to certain limited exceptions. As of the completion of the
private placement, PLBY Group had approximately 89.59 million
shares of common stock outstanding.
About PLBY Group, Inc.PLBY
Group, Inc. is a global pleasure and leisure company connecting
consumers with products, content, and experiences that help them
lead more fulfilling lives. PLBY Group’s flagship consumer brand,
Playboy, is one of the most recognizable brands in the world,
driving billions of dollars in global consumer spending, with
products and content available in approximately 180 countries. PLBY
Group’s mission—to create a culture where all people can pursue
pleasure—builds upon over 70 years of creating groundbreaking media
and hospitality experiences and fighting for cultural progress
rooted in the core values of equality, freedom of expression and
the idea that pleasure is a fundamental human right. Learn more at
http://www.plbygroup.com.
Contact:
Investors: FNK IR – Rob Fink / Matt Chesler, CFA
– investors@plbygroup.comMedia: press@plbygroup.com
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