other material
confidence high
sentiment positive
materiality 0.50
PLBY converts 25% of Series B preferred into common at $1.85/share as part of deleveraging
Playboy, Inc.
- Converted 7,000 Series B Convertible Preferred shares into 3,784,688 common shares at $1.84956 per share.
- Series B shares outstanding reduced to 21,000.00001; common shares outstanding increased to 93,736,325.
- Conversion price represents ~23% premium to December 2024 Byborg Enterprises SA securities purchase agreement.
- Company received no proceeds; may elect to convert additional Series B stock or redeem for cash in future.