Playboy, Inc.

As previously disclosed, PLBY Group, Inc. (the “ Company ”) filed with the U.S. Securities and Exchange Commission (“ SEC ”) on March 13, 2024 a Quarterly Report on Form 10-Q/A for the quarterly period ended June 30, 2023 and a Quarterly Report on Form 10-Q/A for the quarterly period ended September 30, 2023 (such interim periods, collectively, the “ Affected Periods ”) to restate the Company’s unaudited condensed consolidated financial statements for the Affected Periods. As a result of the time and effort that was required to complete such restatements, the Company requires additional time to complete the preparation and review process for its consolidated financial statements for the fiscal year ended December 31, 2023 and related disclosures. Accordingly, the Company is unable to file its Annual Report on Form 10-K for the year ended December 31, 2023 (the “ Form 10-K ”) by the prescribed due date without unreasonable effort and expense. The Company is working diligently and plans to file the Form 10-K as soon as practicable on or before the 15-calendar day extension period provided pursuant to Rule 12b-25(b)

PLBY Group, Inc. (the “ Company ”) is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “ 2021 Form 10-K ”) within the prescribed time period because the Company has experienced unexpected delays in completion of its financial statements and related disclosures for the year ended December 31, 2021 due to the integration of multiple acquisitions in 2021 and the implementation of newly applicable accounting standards, and the substantial amount of internal resources required in connection therewith. In addition, the Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting. Management expects to recommend to the audit committee of the Company various measures intended to remediate and improve the Company’s internal control over financial reporting. As a result, the Company requires additional time to finalize its financial statements and related disclosures to be filed as part of the 2021 Form 10-K

PLBY Group, Inc. (the “ Company ”), formerly known as “Mountain Crest Acquisition Corp” (“ MCAC ”), is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “ 2020 Form 10-K ”) because the Company has experienced unexpected delays in its completion of the audit of MCAC’s financial statements and related disclosures for the year ended December 31, 2020 due to the timing of the previously announced business combination with Playboy Enterprises, Inc., which occurred on February 10, 2021, and the substantial amount of internal resources required in connection therewith. As a result, the Company requires additional time to finalize MCAC’s financial statements and related disclosures to be filed as part of the 2020 Form 10-K