PLBY Group, Inc. Files 8-K with Material Agreements

TL;DR

PLBY filed an 8-K detailing material agreements and equity sales.

AI Summary

On December 14, 2024, PLBY Group, Inc. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and other events. This filing includes financial statements and exhibits.

Why It Matters

This 8-K filing indicates significant corporate actions and potential changes for PLBY Group, Inc., including new agreements and equity transactions that could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and unregistered equity sales can introduce financial and operational risks that require careful monitoring.

Key Numbers

• 001-39312 — SEC File Number (Identifies the company's filing with the SEC.)
• 37-1958714 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• PLBY Group, Inc. (company) — Registrant
• Mountain Crest Acquisition Corp. (company) — Former company name
• December 14, 2024 (date) — Date of earliest event reported
• 10960 Wilshire Blvd., Suite 2200 Los Angeles, California 90024 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share PLBY Nasdaq Global Market I
• $20 million — receive minimum guaranteed royalties of $20 million per year of the term, to be paid in ins
• $1.50 — are (the "Common Stock"), at a price of $1.50 per Share (the "Private Placement"). Th
• $25.44 million — Private Placement will be approximately $25.44 million. The Company expects to use the net pro
• $1.65 — d average share price ("VWAP") is above $1.65 shortly prior to the filing of the prel
• $25 million — ct to a minimum aggregate commitment of $25 million and a limitation of the Purchaser's hol

Filing Documents

• ply-20241214.htm (8-K) — 42KB
• ex101byborglicensemanageme.htm (EX-10.1) — 200KB
• ex102byborgdecember2024sec.htm (EX-10.2) — 171KB
• ex991pressreleaserebyborgl.htm (EX-99.1) — 18KB
• imagea.jpg (GRAPHIC) — 3KB
• 0001803914-24-000108.txt ( ) — 652KB
• ply-20241214.xsd (EX-101.SCH) — 2KB
• ply-20241214_lab.xml (EX-101.LAB) — 22KB
• ply-20241214_pre.xml (EX-101.PRE) — 13KB
• ply-20241214_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On December 16, 2024, the Company issued a press release regarding the LMA and the Private Placement and related matters. A copy of such press release is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference .

Forward-Looking Statements

Forward-Looking Statements This Current Report contains forward looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, which involve certain risks and uncertainties, including statements regarding the anticipated payments under the LMA and the proceeds from the Private Placement, the planned use of proceeds from the Private Placement, the expected timing of the Closing, and other statements identified by words such as "could," "expects," "intends," "may," "plans," "potential," "should," "will," "would," or similar expressions and the negatives of those terms. Additionally, the press release contains forward-looking statements regarding the rights and obligations of the Company and its subsidiaries pursuant to licensing and other agreements, and the anticipated benefits of those agreements. The Company cannot give any assurance that it will receive the full benefits of such agreements. Forward-looking statements are not promises or guarantees of future performance, and are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, and which could cause actual results to differ materially from those contemplated in such forward-looking statements, including, but not limited to, the risks as may be detailed from time to time in the Company's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q and other reports the Company files with the SEC. The Company's actual results could differ materially from the results described in or implied by such forward-looking statements. Forward-looking statements speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update or revise these forward-looking statements.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 License & Management Agreement, dated December 14, 2024, by and between Playboy Enterprises, Inc. and By borg Enterprises, S. A. * + 10.2 Securities Purchase Agreement, dated December 14, 2024, by and between PLBY Group, Inc. and The Million S.a.r.l. 99.1 Press Release, dated December 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain schedules and/or exhibits to this agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission upon request. + Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit pursuant to Item 601(b)(10) of Regulation S-K. The Company agrees to furnish to the SEC a copy of any omitted portions of the exhibit upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 16, 2024 PLBY GROUP, INC. By: /s/ Chris Riley Name: Chris Riley Title: General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR