PLBY Group Files 8-K on Equity Sales
Ticker: PLBY · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1803914
Sentiment: neutral
Topics: equity-sale, disclosure, financials
Related Tickers: PLBY
TL;DR
PLBY Group filed an 8-K detailing unregistered equity sales and other disclosures.
AI Summary
PLBY Group, Inc. filed an 8-K on January 31, 2025, reporting on unregistered sales of equity securities and Regulation FD disclosures. The filing also includes financial statements and exhibits. The company, formerly known as Mountain Crest Acquisition Corp., is incorporated in Delaware and headquartered in Los Angeles, California.
Why It Matters
This filing provides insight into PLBY Group's equity transactions and regulatory disclosures, which can impact investor understanding of the company's financial activities.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of equity sales and financial information, not indicating immediate operational or financial distress.
Key Players & Entities
- PLBY Group, Inc. (company) — Registrant
- Mountain Crest Acquisition Corp. (company) — Former company name
- January 29, 2025 (date) — Date of earliest event reported
- January 31, 2025 (date) — Date of report
- 10960 Wilshire Blvd., Suite 2200, Los Angeles, California 90024 (address) — Principal executive offices
FAQ
What specific type of equity securities were sold unregistered?
The filing indicates 'Unregistered Sales of Equity Securities' as an item of disclosure, but the specific details of the securities are not provided in this excerpt.
What is the significance of the Regulation FD Disclosure item?
Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed to all investors simultaneously, preventing selective disclosure.
When did PLBY Group change its name from Mountain Crest Acquisition Corp.?
The date of the name change from Mountain Crest Acquisition Corp. to PLBY Group, Inc. was February 19, 2020.
What is the IRS Employer Identification Number for PLBY Group, Inc.?
The IRS Employer Identification Number for PLBY Group, Inc. is 37-1958714.
What is the primary business address of PLBY Group, Inc.?
The primary business address of PLBY Group, Inc. is 10960 Wilshire Blvd., Suite 2200, Los Angeles, California 90024.
Filing Stats: 1,155 words · 5 min read · ~4 pages · Grade level 12.6 · Accepted 2025-01-31 08:24:41
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PLBY Nasdaq Global Market I
- $1.84956 — ommon Stock"), at a conversion price of $1.84956 per share, in accordance with the terms
Filing Documents
- ply-20250129.htm (8-K) — 31KB
- ex991plbypressreleasejanua.htm (EX-99.1) — 11KB
- plby-logo.jpg (GRAPHIC) — 15KB
- 0001803914-25-000014.txt ( ) — 192KB
- ply-20250129.xsd (EX-101.SCH) — 2KB
- ply-20250129_lab.xml (EX-101.LAB) — 22KB
- ply-20250129_pre.xml (EX-101.PRE) — 13KB
- ply-20250129_htm.xml (XML) — 3KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. On January 29, 2025, PLBY Group, Inc. (the "Company") completed the conversion (the "Conversion") of 7,000 shares of its 28,000.00001 outstanding shares of Series B Convertible Preferred Stock (the "Series B Stock") into 3,784,688 shares of the Company's common stock (the "Common Stock"), at a conversion price of $1.84956 per share, in accordance with the terms of the Series B Stock. As a result of the Conversion, the Company reduced the number of shares of Series B Stock outstanding to 21,000.00001 shares and had 93,736,325 shares of Common Stock outstanding. Holders of the Series B Stock had their shares converted to Common Stock on a pro rata basis, and such shares were issued as restricted stock. The Company did not receive any proceeds in connection with the Conversion. The Common Stock issued in the Conversion was issued as restricted stock and in reliance upon the exemption from registration in Section 3(a)(9) of the Securities Act of 1933, as amended (the "Securities Act").
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 31, 2025, the Company issued a press release regarding the Conversion. A copy of the press release is attached hereto as Exhibit 99.1. The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not otherwise be subject to the liabilities of that section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act, regardless of any general incorporation language in such filing. Cautionary Note Regarding Forward Looking Statements
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated January 31, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: January 31, 2025 PLBY GROUP, INC. By: /s/ Chris Riley Name: Chris Riley Title: General Counsel & Secretary