PLBY Group Completes $22.35 Million Private Placement

Group 1 - PLBY Group, Inc. announced the closing of a private placement of 14.9 million newly issued shares at a price of $1.50 per share, totaling$22.35 million [1] - The shares sold are subject to a one-year lock-up period, with certain limited exceptions [1] - Following the private placement, PLBY Group has approximately 89.59 million shares of common stock outstanding [1] Group 2 - PLBY Group is a global pleasure and leisure company, primarily known for its flagship brand, Playboy, which is recognized worldwide [2] - The company aims to connect consumers with products, content, and experiences that enhance their lives, driving billions in global consumer spending [2] - PLBY Group's mission emphasizes the pursuit of pleasure as a fundamental human right, rooted in values of equality and freedom of expression [2]