---
schema_version: "secwatch.filing_event.v1"
accession: "0001803914-25-000127"
form_type: "8-K"
ticker: "PLBY"
cik: "0001803914"
company_name: "Playboy, Inc."
filed_at: "2025-08-25T23:59:59+00:00"
generated_at: "2026-05-17T10:16:42.449414+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Playboy converts all remaining Series B preferred shares to common, eliminating preferred stock outstanding

## Summary
- Converted remaining 21,000.00001 Series B shares into 12,439,730 common shares at $1.74448 per share.
- Conversion price is >6% premium to Aug 21, 2025 close and >16% premium to Q4 2024 private placement.
- Post-conversion: no preferred stock outstanding; 107,548,055 common shares outstanding.
- Net debt ~$128M, reduction of ~$70M over past 12 months.
- Undiscounted interest savings of $6.992M through remaining term of Series B (scheduled through end of 2027).

## SEC filing metadata
- accession: 0001803914-25-000127
- form_type: 8-K
- ticker: PLBY
- cik: 0001803914
- company_name: Playboy, Inc.
- filed_at: 2025-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803914/000180391425000127/0001803914-25-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803914/000180391425000127/ply-20250822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803914-25-000127
- JSON: https://secwatch.observer/filing/0001803914-25-000127.json
- Plain text: https://secwatch.observer/filing/0001803914-25-000127.txt

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