PLBY Group, Inc. announced on March 20, 2025, that its Special Meeting of Stockholders was convened and immediately adjourned due to the lack of a required quorum. The meeting was originally scheduled to address proposals necessary for the company to raise critical capital and reduce debt.
The Special Meeting will reconvene virtually on April 17, 2025, to provide stockholders additional time to cast their votes on the proposals outlined in the proxy statement. The Board of Directors unanimously recommends that stockholders vote 'FOR' all proposals.
This adjournment highlights a delay in securing crucial stockholder approvals for financing initiatives. The company encourages all eligible stockholders to vote before the reconvened meeting to ensure a quorum is met.
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