{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-119206","form_type":"8-K","ticker":"PLBY","cik":"0001803914","company_name":"Playboy, Inc.","filed_at":"2024-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.699406+00:00","generated_at":"2026-05-30T00:34:29.446847+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PLBY Group exchanges ~$65M of loans for Series B Convertible Preferred Stock; amends credit agreement","bullets":["Issued 28,000 shares of Series B Convertible Preferred Stock in exchange for $6.4M Tranche A and $58.9M Tranche B loans.","Preferred stock carries 12% annual dividend, convertible into common at $1.50–$4.50 per share, mandatory redemption by Dec 31, 2027.","Amendment No. 3 reduces credit facility principal to ~$152.4M and sets interest margin at 6.25% + 0.10% over SOFR.","Certificate of Elimination filed for Series A Preferred Stock (no shares outstanding)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-119206","json":"https://secwatch.observer/filing/0001104659-24-119206.json","markdown":"https://secwatch.observer/filing/0001104659-24-119206.md","text":"https://secwatch.observer/filing/0001104659-24-119206.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/0001104659-24-119206-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/tm2428334d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T00:34:29.446847+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa900e4368469c06e5f91ba16f546ad8baed8224","claim":"Playboy, Inc.: Filed Certificate of Elimination to eliminate matters related to Series A Preferred Stock from the Charter (effective 2024-11-12).","evidence_excerpt":"On November 12, 2024, the Company filed a Certificate of Elimination to its Second Amended and Restated Certificate of Incorporation (the “ Charter ”) with the Secretary of State of the State of Delaware eliminating from the Charter all matters set forth in the Certificate of Designation with respect to its Series A Preferred Stock (the “ Series A Preferred Stock ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803914/000110465924119206/0001104659-24-119206-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-11-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}