Business
PLBY Group Announces Closing of Public Offering of Common Stock
LOS ANGELES, June 14, 2021 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group”), a leading pleasure and leisure lifestyle company and owner of
About this update from Playboy, Inc.
[{"type":"text","content":"LOS ANGELES, June 14, 2021 (GLOBE NEWSWIRE) -- PLBY Group, Inc. (NASDAQ: PLBY) (“PLBY Group”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, announced today the closing of its upsized underwritten public offering of 4,720,000 shares of its common stock at a public offering price of $46.00 per share, before underwriting discounts and commissions. All shares of common stock sold in the offering were sold by PLBY Group. Subject to certain limited exceptions, PLBY Group’s officers, directors and stockholders deemed to be affiliates have agreed to a lock-up for a period of 90 days after the date of final prospectus for the offering, which lock-up is in addition to any other prior lock-ups currently applicable to stockholders of PLBY Group. The net proceeds from the offering, after deducting underwriting discounts and commissions and other offering expenses payable by PLBY Group, were approximately $203.3 million excluding any exercise of the underwriters’ 30-day option to purchase additional shares. PLBY Group intends to use the net proceeds it received from the offering to fund future growth, including potential future acquisitions, and for working capital and general corporate purposes. Canaccord Genuity and Stifel acted as joint book-running managers for the offering. Roth Capital Partners, Chardan, Craig-Hallum and Loop Capital Markets acted as co-managers for the offering. The offering was made only by means of a prospectus. PLBY Group filed a registration statement on Form S-1 (File No. 333-256855) with the U.S. Securities and Exchange Commission (the “SEC”) on June 7, 2021 relating to the offering, which was declared effective on June 9, 2021. Copies of the prospectus may be obtained on the SEC’s website at www.sec.gov and may also be obtained by contacting Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, Suite 1200, Boston, MA 02110, by email at [email protected] or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which su...