IPO - PLBY Group, Inc.

Form Type: S-3

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000162828025003318

Filing Summary: PLBY Group, Inc. has filed a registration statement on Form S-3 with the SEC on January 31, 2025, allowing for the resale of up to 25,494,268 shares of Common Stock by the Selling Stockholders. This includes shares related to the conversion of Series B Convertible Preferred Stock issued in exchange for Tranche A and B Loans, specifically 28 million shares of Series B Convertible Preferred Stock issued to the Selling Stockholders on November 11, 2024. On January 29, 2025, 7,000 shares of the Series B Convertible Preferred Stock were converted into 3,784,688 shares of Common Stock. The filing covers shares issued previously under two prior S-3 registrations from 2022. The prospectus clarifies that the registration does not involve any sale of shares by PLBY Group and that the company will not receive any proceeds from the sale of these shares. The last reported sale price of the Common Stock on January 31, 2025, was $1.97 per share. As a smaller reporting company, PLBY aims to leverage its brand and expand its digital and licensing operations while prioritizing high-margin revenue streams and strategic partnerships. Risk factors and disclaimers about forward-looking statements are noted in the document, alongside the company’s intent to maximize shareholder value through careful management of its intellectual property and revenue-generating capacity.

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