PLBY (US:PLBY)2021-04-14 16:00Financial Performance - For the year ended December 31, 2020, the company reported a net loss of $1,061,802, with operating costs of $1,093,833 and interest income of $31,669[174]. - Cash used in operating activities for the year ended December 31, 2020, was $371,622, with net loss impacted by interest and unrealized gains on marketable securities[178]. Initial Public Offering (IPO) - The company completed its IPO on June 4, 2020, raising gross proceeds of $50,000,000 from the sale of 5,000,000 Units at $10.00 per Unit[175]. - Following the IPO, the company placed a total of $58,647,960 in the Trust Account after incurring transaction costs of $4,010,359[177]. - The company raised an additional $50.0 million through a PIPE investment, subscribing for 5,000,000 shares of common stock at $10.00 per share[181]. Assets and Liquidity - As of December 31, 2020, the company had cash and marketable securities in the Trust Account amounting to $58,679,991[179]. - The company believes its existing liquidity sources will be sufficient to fund operations for the next 12 months, including lease obligations and capital expenditures[182]. - The company did not have any off-balance sheet arrangements as of December 31, 2020[183]. - As of December 31, 2020, the company had no long-term debt or capital lease obligations, only incurring a monthly fee of $10,000 to an affiliate of the Sponsor[184]. Acquisition - The company acquired all outstanding shares of Playboy for approximately $381.3 million, which included 20,916,812 shares of common stock and assumed debt of approximately $158.2 million[180].