Mountain Crest Acquisition announced today that it has filed a definitive proxy statement with the SEC in connection with its proposed merger with Playboy Enterprises. A shareholder vote on the deal is set for Feb. 9.
Announced in October, the deal is valued at about $381 million.
As part of the deal, Playboy will retain its management team, led by CEO Ben Kohn, who joined Playboy in 2016.
Playboy’s return to the public markets presents a transformed, streamlined and high-growth business. According to earlier SEC filings and a press release, the company has over $400 million in cash flows contracted through 2029. Read more.
