[8-K] Playboy, Inc. Reports Material Event
On August 22, 2025, Playboy, Inc. completed the conversion of all remaining 21,000.00001 shares of its Series B Convertible Preferred Stock into 12,439,730 shares of common stock at a conversion price of $1.74448 per share. As a result, the company no longer has any preferred stock outstanding and now has 107,548,055 shares of common stock outstanding. The conversion was pro rata, produced no cash proceeds, and the issued common shares were restricted and relied on the Section 3(a)(9) exemption from registration. A press release about the conversion was furnished on August 25, 2025.
Il 22 agosto 2025 Playboy, Inc. ha completato la conversione delle restanti 21,000.00001 azioni della sua Series B Convertible Preferred Stock in 12,439,730 azioni ordinarie a un prezzo di conversione di $1.74448 per azione. Di conseguenza, la societ脿 non ha pi霉 azioni privilegiate in circolazione e dispone ora di 107,548,055 azioni ordinarie in circolazione. La conversione 猫 avvenuta su base pro rata, non ha prodotto alcun ricavo in contanti e le azioni ordinarie emesse sono soggette a restrizioni, avvalendosi dell'esenzione dalla registrazione prevista dalla Sezione 3(a)(9). Un comunicato stampa sulla conversione 猫 stato reso disponibile il 25 agosto 2025.
El 22 de agosto de 2025, Playboy, Inc. complet贸 la conversi贸n de las 21,000.00001 acciones restantes de su Series B Convertible Preferred Stock en 12,439,730 acciones ordinarias a un precio de conversi贸n de $1.74448 por acci贸n. Como resultado, la compa帽铆a ya no tiene acciones preferentes en circulaci贸n y ahora cuenta con 107,548,055 acciones ordinarias en circulaci贸n. La conversi贸n fue prorrata, no gener贸 ingresos en efectivo y las acciones ordinarias emitidas est谩n restringidas, amparadas por la exenci贸n de registro de la Secci贸n 3(a)(9). Un comunicado de prensa sobre la conversi贸n fue distribuido el 25 de agosto de 2025.
2025雲� 8鞗� 22鞚� Playboy, Inc.電� 雮晞 鞛堧崢 Series B 鞝勴櫂鞖办劆欤� 21,000.00001欤� 鞝勲秬毳� 欤茧嫻 $1.74448鞚� 鞝勴櫂臧�搿� 氤错喌欤� 12,439,730欤茧 鞝勴櫂鞚� 鞕勲頄堨姷雼堧嫟. 攴� 瓴瓣臣 須岇偓電� 雿� 鞚挫儊 鞖办劆欤茧ゼ 氤挫湢頃橃 鞎婌溂氅� 順勳灛 107,548,055欤检潣 氤错喌欤缄皜 氚滍枆路鞙犿喌 欷戩瀰雼堧嫟. 鞝勴櫂鞚� 牍勲 氚半秳鞙茧 鞚措（鞏挫瓿� 順勱笀 鞙犾瀰鞚� 氚滌儩頃橃 鞎婌晿鞙茧┌ 氚滍枆霅� 氤错喌欤茧姅 鞝滍暅鞚� 瓯鸽牑 鞛堦碃 霌彪 氅挫牅 攴滌爼鞚� 靹轨厴 3(a)(9)鞐� 鞚橃〈頄堨姷雼堧嫟. 鞝勴櫂鞐� 甏�頃� 氤措弰鞛愲電� 2025雲� 8鞗� 25鞚� 鞝滉车霅橃棃鞀惦媹雼�.
Le 22 ao没t 2025, Playboy, Inc. a achev茅 la conversion des 21,000.00001 actions restantes de sa Series B Convertible Preferred Stock en 12,439,730 actions ordinaires au prix de conversion de 1,74448 $ par action. En cons茅quence, la soci茅t茅 ne d茅tient plus d'actions privil茅gi茅es en circulation et compte d茅sormais 107,548,055 actions ordinaires en circulation. La conversion a 茅t茅 effectu茅e au prorata, n'a produit aucun produit en num茅raire et les actions ordinaires 茅mises sont restreintes, s'appuyant sur l'exemption d'enregistrement pr茅vue par la Section 3(a)(9). Un communiqu茅 de presse concernant la conversion a 茅t茅 diffus茅 le 25 ao没t 2025.
Am 22. August 2025 schloss Playboy, Inc. die Umwandlung der verbleibenden 21,000.00001 Aktien ihrer Series B Convertible Preferred Stock in 12,439,730 Stammaktien zu einem Umwandlungspreis von $1.74448 je Aktie ab. Infolgedessen hat das Unternehmen keine Vorzugsaktien mehr ausstehend und h盲lt nun 107,548,055 ausstehende Stammaktien. Die Umwandlung erfolgte anteilig, brachte keine Barzufl眉sse und die ausgegebenen Stammaktien sind beschr盲nkt und st眉tzen sich auf die Ausnahmeregelung der Registrierung gem盲脽 Abschnitt 3(a)(9). Eine Pressemitteilung zur Umwandlung wurde am 25. August 2025 ver枚ffentlicht.
- All Series B preferred shares converted, eliminating preferred stock outstanding and simplifying the capital structure.
- Clear disclosure of post-conversion common share count: 107,548,055 shares outstanding.
- Conversion completed on a pro rata basis among Series B holders, preserving proportional rights among those holders.
- Increase in common shares outstanding to 107,548,055, which dilutes existing common shareholders' percentage ownership.
- No proceeds were received from the conversion, so the transaction did not improve the company鈥檚 cash position.
Insights
TL;DR: The conversion removes preferred stock and increases common shares to 107.5M, changing capital structure without cash inflow.
The transaction is a structural recapitalization: 21,000.00001 Series B shares converted into 12,439,730 common shares at $1.74448 per share, leaving 107,548,055 common shares outstanding. No proceeds were received, so this does not improve liquidity. The action eliminates preferred claims on equity but increases common share count, which may dilute existing common holders' percentage ownership. The filing furnishes a press release and relies on a registration exemption for restricted shares.
TL;DR: Preferred interest extinguished and governance simplified; conversion implemented pro rata with restricted common issued.
From a governance perspective, the elimination of all Series B preferred shares simplifies the capital structure and removes preferential rights tied to that status. The conversion was pro rata and the shares issued as restricted stock under Section 3(a)(9), indicating compliance with applicable exemption requirements. The filing does not indicate any changes to board composition, voting rights beyond share count, or other governance actions.
Il 22 agosto 2025 Playboy, Inc. ha completato la conversione delle restanti 21,000.00001 azioni della sua Series B Convertible Preferred Stock in 12,439,730 azioni ordinarie a un prezzo di conversione di $1.74448 per azione. Di conseguenza, la societ脿 non ha pi霉 azioni privilegiate in circolazione e dispone ora di 107,548,055 azioni ordinarie in circolazione. La conversione 猫 avvenuta su base pro rata, non ha prodotto alcun ricavo in contanti e le azioni ordinarie emesse sono soggette a restrizioni, avvalendosi dell'esenzione dalla registrazione prevista dalla Sezione 3(a)(9). Un comunicato stampa sulla conversione 猫 stato reso disponibile il 25 agosto 2025.
El 22 de agosto de 2025, Playboy, Inc. complet贸 la conversi贸n de las 21,000.00001 acciones restantes de su Series B Convertible Preferred Stock en 12,439,730 acciones ordinarias a un precio de conversi贸n de $1.74448 por acci贸n. Como resultado, la compa帽铆a ya no tiene acciones preferentes en circulaci贸n y ahora cuenta con 107,548,055 acciones ordinarias en circulaci贸n. La conversi贸n fue prorrata, no gener贸 ingresos en efectivo y las acciones ordinarias emitidas est谩n restringidas, amparadas por la exenci贸n de registro de la Secci贸n 3(a)(9). Un comunicado de prensa sobre la conversi贸n fue distribuido el 25 de agosto de 2025.
2025雲� 8鞗� 22鞚� Playboy, Inc.電� 雮晞 鞛堧崢 Series B 鞝勴櫂鞖办劆欤� 21,000.00001欤� 鞝勲秬毳� 欤茧嫻 $1.74448鞚� 鞝勴櫂臧�搿� 氤错喌欤� 12,439,730欤茧 鞝勴櫂鞚� 鞕勲頄堨姷雼堧嫟. 攴� 瓴瓣臣 須岇偓電� 雿� 鞚挫儊 鞖办劆欤茧ゼ 氤挫湢頃橃 鞎婌溂氅� 順勳灛 107,548,055欤检潣 氤错喌欤缄皜 氚滍枆路鞙犿喌 欷戩瀰雼堧嫟. 鞝勴櫂鞚� 牍勲 氚半秳鞙茧 鞚措（鞏挫瓿� 順勱笀 鞙犾瀰鞚� 氚滌儩頃橃 鞎婌晿鞙茧┌ 氚滍枆霅� 氤错喌欤茧姅 鞝滍暅鞚� 瓯鸽牑 鞛堦碃 霌彪 氅挫牅 攴滌爼鞚� 靹轨厴 3(a)(9)鞐� 鞚橃〈頄堨姷雼堧嫟. 鞝勴櫂鞐� 甏�頃� 氤措弰鞛愲電� 2025雲� 8鞗� 25鞚� 鞝滉车霅橃棃鞀惦媹雼�.
Le 22 ao没t 2025, Playboy, Inc. a achev茅 la conversion des 21,000.00001 actions restantes de sa Series B Convertible Preferred Stock en 12,439,730 actions ordinaires au prix de conversion de 1,74448 $ par action. En cons茅quence, la soci茅t茅 ne d茅tient plus d'actions privil茅gi茅es en circulation et compte d茅sormais 107,548,055 actions ordinaires en circulation. La conversion a 茅t茅 effectu茅e au prorata, n'a produit aucun produit en num茅raire et les actions ordinaires 茅mises sont restreintes, s'appuyant sur l'exemption d'enregistrement pr茅vue par la Section 3(a)(9). Un communiqu茅 de presse concernant la conversion a 茅t茅 diffus茅 le 25 ao没t 2025.
Am 22. August 2025 schloss Playboy, Inc. die Umwandlung der verbleibenden 21,000.00001 Aktien ihrer Series B Convertible Preferred Stock in 12,439,730 Stammaktien zu einem Umwandlungspreis von $1.74448 je Aktie ab. Infolgedessen hat das Unternehmen keine Vorzugsaktien mehr ausstehend und h盲lt nun 107,548,055 ausstehende Stammaktien. Die Umwandlung erfolgte anteilig, brachte keine Barzufl眉sse und die ausgegebenen Stammaktien sind beschr盲nkt und st眉tzen sich auf die Ausnahmeregelung der Registrierung gem盲脽 Abschnitt 3(a)(9). Eine Pressemitteilung zur Umwandlung wurde am 25. August 2025 ver枚ffentlicht.
FAQ
What happened to Playboy's Series B Convertible Preferred Stock (PLBY)?
How many common shares does Playboy have outstanding after the conversion?
Did Playboy receive cash proceeds from the conversion?
Were the converted shares registered?
Was the conversion pro rata among Series B holders?
