PLBY Group, Inc. announced the voting results from its 2025 Annual Meeting of Stockholders held on June 16, 2025. Stockholders approved the change of the company's name to 'Playboy, Inc.' and elected both nominees to the board of directors, also ratifying the appointment of the independent auditor.
However, stockholders did not approve the second tranche of an investment by an affiliate of Byborg Enterprises S.A. This rejection impacts the company's plans to raise additional capital and further reduce debt, as the second tranche was valued at $25 million.
Despite the setback with the Byborg investment, CEO Ben Kohn stated the company remains focused on deleveraging, strengthening its balance sheet, driving growth, and generating positive cash flow this year. The company also affirmed its alignment with Byborg on maximizing the value of their licensing relationship, which is independent of Byborg's shareholdings.
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