GlobeNewswire·Jun 22, 2026, 8:30 AM ET

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

Playboy, Inc. entered a definitive agreement to repurchase approximately 16.6 million shares (nearly 15% of outstanding shares) from Fortress Investment Group at a fixed price of $1.05 per share.
Total consideration for the transaction is approximately $17.4 million.
The Company paid $2.0 million at execution and will pay the remaining $15.4 million in three installments through December 31, 2026.
The negotiated payment schedule is immediately accretive to earnings per share & preserves balance sheet flexibility.
The transaction is fully backstopped by commitments from Rizvi Traverse Management, LLC & an affiliate of Byborg Enterprises SA, who will purchase shares pro rata if Playboy does not.
Fortress agreed not to sell, transfer, or dispose of the shares subject to the agreement during the transaction term.
CEO Ben Kohn stated the deal provides Fortress with an orderly exit while delivering value to shareholders at a discount to market value.
Playboy highlighted five consecutive quarters of positive adjusted EBITDA, a Byborg licensing deal, a China joint venture, & accelerated senior debt paydown as drivers of recent operational performance.