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PLBY Group ( (PLBY) ) has provided an update.
On January 29, 2025, PLBY Group, Inc. completed the conversion of 7,000 shares of its Series B Convertible Preferred Stock into 3,784,688 shares of common stock as part of its balance sheet streamlining efforts. This conversion, which did not result in any financial proceeds for the company, was executed at a price of $1.85 per share, a 23% premium over the previous securities purchase agreement price. The move reduced the outstanding Series B shares to 21,000.00001 and increased the common stock to 93,736,325 shares, reflecting the company’s ongoing deleveraging strategy.
More about PLBY Group
PLBY Group, Inc. is a global pleasure and leisure company known for its iconic Playboy brand. The company connects consumers with products, content, and experiences in approximately 180 countries, aiming to foster a culture of pleasure and equality.
YTD Price Performance: 13.70%
Average Trading Volume: 916,414
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $149.3M
See more data about PLBY stock on TipRanks’ Stock Analysis page.
