secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001803914-25-000014
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLBY converts 25% of Series B preferred into common at $1.85/share as part of deleveraging
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000180391425000014/0001803914-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000180391425000014/ply-20250129.htm
  HTML page:      https://secwatch.observer/filing/0001803914-25-000014

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