Playboy goes public again through Spac deal
Playboy Enterprises merges with Mountain Crest Acquisition Corporation in deal valuing company at $415m
01 October 2020 - 20:56
New York — Playboy Enterprises, the storied men’s magazine publisher turned prolific brand licenser, will return to the public markets after nearly a decade through a special-purpose acquisition company (Spac).
Playboy said Thursday it will merge with Mountain Crest Acquisition Corporation, which will then take the Playboy name and trade under the symbol PLBY. The equity purchase price is $239m, with Mountain Crest also assuming $142m in Playboy debt, according to the company’s statement...
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