secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2026-05-15T20:20:14+00:00
Accession:  0001628280-26-035592
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Playboy amends Miami lease and leases additional floor space through 2037
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- Original lease amended: delivery date moved to Jan 1, 2027; term extended to Nov 30, 2037; rent abated from Jan–Jul 2027 then escalates from $176,479/month.
- New lease for additional 5,696 RSF on same floor: term to Nov 30, 2037; base rent $49,840/month from Mar 2027 (abated through Feb 2027); $600K letter of credit required.
- Both leases contain cross-default provisions; Playboy now leases the entire sixth floor.
- Landlord must complete amenities (lobby, speakeasy, gym) by Aug 31, 2026 or face rent abatement and potential termination rights for Tenant.
- Tenant has two five-year renewal options under the new lease.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026035592/0001628280-26-035592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026035592/ply-20260514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-035592

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer