Business
PLBY Group Announces Upsize and Pricing of Public Offering of Common Stock
LOS ANGELES, June 09, 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 09, 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, today announced the upsize and pricing of its 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. The offering was upsized from the previously announced offering size of 4,000,000 shares of common stock. All shares of common stock to be sold in the offering will be sold by PLBY Group. In addition, PLBY Group has granted the underwriters a 30-day option to purchase up to an additional 708,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by PLBY Group, are expected to be $217,120,000, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on June 14, 2021, subject to customary closing conditions. PLBY Group intends to use the net proceeds it receives from the offering to fund future growth, including potential future acquisitions, and for working capital and general corporate purposes. Canaccord Genuity and Stifel are acting as joint book-running managers for the offering. Roth Capital Partners, Chardan, Craig-Hallum and Loop Capital Markets are acting as co-managers for the offering. The offering is being 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, when available, on the SEC’s website at www.sec.gov and may also be obtained, when available, 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 off...