---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004477"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2023-01-18T23:59:59+00:00"
generated_at: "2026-06-20T14:08:33.367135+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PLBY Group secures $25M capital commitment from Serruya and Broadband as rights offering backstop

## Summary
- Purchasers led by Michael Serruya and Broadband Capital commit $15M initial investment plus up to $10M backstop if rights offering undersubscribed.
- Commitment fee of $1.25M payable in cash or shares at the Purchasers' election.
- Subscription price is the lesser of $3.50 per share or 85% of 10-day VWAP through Jan 20, 2023.
- Net proceeds primarily used to repay senior debt under credit agreement; additional prepayments may waive leverage covenants.
- Rights offering expires Jan 23, 2023; Chairman Suhail Rizvi, CEO Ben Kohn, and Fortress affiliates intend to participate.

## SEC filing metadata
- accession: 0001104659-23-004477
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2023-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000110465923004477/0001104659-23-004477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000110465923004477/tm233762d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004477
- JSON: https://secwatch.observer/filing/0001104659-23-004477.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004477.txt

## Key facts
- Material Agreements
  Playboy, Inc. entered into Securities Purchase Agreement with purchasers led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments valued at up to $25 million (effective 2023-01-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: purchasers led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments
  - Value: up to $25 million
  - Effective: 2023-01-18
  source text: On January 18, 2023, PLBY Group, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with purchasers led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments (the “ Purchasers ”) for the sale of up to $25 million of shares of common stock of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803914/000110465923004477/0001104659-23-004477-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.