GlobeNewswire·Jun 22, 2026, 9:20 AM ET

Playboy to Repurchase 16.6 Million Shares at 28% Discount to Market Value

Playboy, Inc. entered a definitive agreement on June 18, 2026, to repurchase approximately 16.6 million shares held by Fortress Investment Group affiliates for $1.05 per share.
The total consideration amounts to approximately $17.4 million, representing nearly 15% of Playboy's outstanding shares.
Playboy paid $2.0 million at execution with the remaining $15.4 million scheduled for three installments through December 31, 2026.
The transaction is immediately accretive to earnings per share & funded initially via company cash, with future payments supported by operating performance & other financing.
Rizvi Traverse Management, LLC & Byborg Enterprises SA have provided backstop commitments to purchase shares if Playboy fails to complete scheduled payments.
Fortress agreed to a hold period prohibiting the sale or transfer of shares during the agreement term to prevent market impact.
CEO Ben Kohn cited five consecutive quarters of positive adjusted EBITDA & strategic growth plans as drivers for the capital opportunity.
The deal eliminates potential open market selling risks while providing Fortress with an orderly exit from its entire position.