---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009905"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:37:21.925695+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PLBY Group raises $65M via rights and direct offerings; oversubscribed

## Summary
- Gross proceeds of $65M: $50M rights offering + $15M registered direct offering.
- Issued 19,561,050 shares at $2.5561 per share; total subscriptions were ~$99.5M.
- At least 80% of rights offering proceeds will repay senior debt; $65M total debt reduction including Dec. 2022.
- RTM (largest holder) entered standstill limiting ownership to 29.99% after oversubscription.
- CEO Ben Kohn fully exercised rights; backstop $10M direct offering not needed.

## SEC filing metadata
- accession: 0001104659-23-009905
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000110465923009905/0001104659-23-009905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000110465923009905/tm235125d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009905
- JSON: https://secwatch.observer/filing/0001104659-23-009905.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009905.txt

## Key facts
- Material Agreements
  Playboy, Inc. entered into Standstill Agreement with Rizvi Opportunistic Equity Fund, L.P., Rizvi Opportunistic Equity Fund (TI), L.P., Rizvi Opportunistic Equity Fund I-B, L.P., Rizvi Opportunistic Equity Fund I-B (TI), L.P., Rizvi Opportunistic Equity Fund II, L.P., Rizvi Traverse Partners LLC, Rizvi Traverse Partners II, LLC and RT-ICON FF LLC (col (effective 2023-01-30).
  - Action: entry
  - Counterparty: Rizvi Opportunistic Equity Fund, L.P., Rizvi Opportunistic Equity Fund (TI), L.P., Rizvi Opportunistic Equity Fund I-B, L.P., Rizvi Opportunistic Equity Fund I-B (TI), L.P., Rizvi Opportunistic Equity Fund II, L.P., Rizvi Traverse Partners LLC, Rizvi Traverse Partners II, LLC and RT-ICON FF LLC (col
  - Effective: 2023-01-30
  source text: On January 30, 2023, PLBY Group, Inc. (the “Company”) entered into a standstill agreement (the “Standstill Agreement”) with Rizvi Opportunistic Equity Fund, L.P., Rizvi Opportunistic Equity Fund (TI), L.P., Rizvi Opportunistic Equity Fund I-B, L.P., Rizvi Opportunistic Equity Fund I-B (TI), L.P., Rizvi Opportunistic Equity Fund II, L.P., Rizvi Traverse Partners LLC, Rizvi Traverse Partners II, LLC and RT-ICON FF LLC (collectively, “RTM”) in connection with the Company’s previously announced rights offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803914/000110465923009905/0001104659-23-009905-index.htm

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