Playboy Enterprises, Inc. (the “Company” or “Playboy”), one of
the largest and most recognizable lifestyle brands in the world,
today announced that the Company is scheduled to participate
virtually in NobleCon17, Noble Capital Markets’ Seventeenth Annual
Investor Conference on Tuesday, January 19th, 2021. CEO Ben Kohn
will present on Tuesday, January 19th, 2021 at 3:00 pm Eastern
Standard Time. The conference is virtual, with no cost, obligation
or restrictions to attend. Please visit www.noblecon17.com for more
information.
Playboy recently announced it would return to the public markets
via a merger with Mountain Crest Acquisition Corp (Nasdaq: MCAC)
(“Mountain Crest”), a special purpose acquisition company. For more
information about the transaction, please visit
www.mcacquisition.com.
A high-definition, video webcast of the presentation will be
available as part of a complete catalog of presentations to be
rebroadcast on Channelchek http://www.channelchek.com next
month.
About Playboy
Playboy is one of the largest and most recognizable global
lifestyle platforms in the world, with a strong consumer business
focused on four categories comprising The Pleasure Lifestyle:
Sexual Wellness, Style & Apparel, Gaming & Lifestyle and
Beauty & Grooming. Under its mission of Pleasure for All, the
67-year-old Playboy brand drives more than $3 billion in global
consumer spend and sells products across 180 countries. Playboy is
one of the most iconic brands in history.
About Mountain Crest Acquisition Corp
Mountain Crest Acquisition Corp is a blank check company formed
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. Mountain Crest Acquisition
Corp's efforts to identify a prospective target business was not
limited to a particular industry or geographic region, although the
Company focused on operating businesses in North America. Visit
https://www.mcacquisition.com/.
About Noble Capital Markets, Inc.
Noble Capital Markets is a research driven boutique investment
bank that has supported small & microcap companies since 1984.
As a FINRA and SEC licensed and registered broker-dealer Noble
provides institutional-quality equity research, merchant and
investment banking, wealth management and order execution services.
In 2005, Noble established NobleCon, an investor conference that
has grown substantially over the last decade. In 2018 Noble
launched www.channelchek.com, an investment community dedicated
exclusively to small and micro-cap companies and their industries.
Channelchek is tailored to meet the needs of self-directed
investors and financial professionals and is the first service to
offer institutional-quality research to the public, for FREE at
every level without a subscription. More than 6,000 emerging growth
companies are listed on the site, with growing content including
webcasts, industry sector reports, advanced market data and
balanced news.
Important Information About the Proposed Business Combination
and Where to Find It
In connection with the proposed business combination, Mountain
Crest intends to file relevant materials with the Securities and
Exchange Commission (the “SEC”), which includes the preliminary
proxy statement filed on January 12, 2021 with the SEC, and a
definitive proxy statement on Schedule 14A, when available.
Mountain Crest’s stockholders and other interested persons are
advised to read the preliminary proxy statement and the amendments
thereto and, when available, the definitive proxy statement and
documents incorporated by reference therein filed in connection
with the proposed business combination, as these materials will
contain important information about Playboy, Mountain Crest, and
the proposed business combination. Promptly after filing its
definitive proxy statement relating to the proposed business
combination with the SEC, Mountain Crest will mail the definitive
proxy statement and a proxy card to each stockholder entitled to
vote at the special meeting on the business combination and the
other proposals. STOCKHOLDERS OF MOUNTAIN CREST ARE URGED TO READ
THESE MATERIALS (INCLUDING ANY AMENDMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS IN CONNECTION WITH THE BUSINESS COMBINATION THAT
MOUNTAIN CREST FILES WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT MOUNTAIN CREST, PLAYBOY, AND THE BUSINESS
COMBINATION. Stockholders will also be able to obtain copies of the
preliminary proxy statement, the definitive proxy statement, and
other relevant materials filed with the SEC that will be
incorporated by reference therein, without charge, once available,
at the SEC’s website at www.sec.gov, or by visiting the investor
relations section of https://www.mcacquisition.com/.
Participants in the Solicitation
Mountain Crest and its directors and executive officers may be
deemed participants in the solicitation of proxies from Mountain
Crest’s stockholders with respect to the business combination. A
list of the names of those directors and executive officers and a
description of their interests in Mountain Crest , and additional
information regarding the interests of such participants are
included in the preliminary proxy statement for the proposed
business combination available at www.sec.gov. Information about
Mountain Crest’s directors and executive officers and their
ownership of Mountain Crest common stock is set forth in Mountain
Crest’s prospectus, dated June 4, 2020 and in the preliminary proxy
statement, as modified or supplemented by any Form 3 or Form 4
filed with the SEC since the date of such filings. Other
information regarding the interests of the participants in the
proxy solicitation is included in the preliminary proxy statement
pertaining to the proposed business combination. These documents
can be obtained free of charge from the sources indicated
above.
Playboy and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
stockholders of Mountain Crest in connection with the proposed
business combination. A list of the names of such directors and
executive officers and information regarding their interests in the
proposed business combination is included in the preliminary proxy
statement for the proposed business combination.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Mountain Crest’s
and Playboy’s actual results may differ from their expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue,” and
similar expressions (or the negative versions of such words or
expressions) are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Mountain Crest’s and Playboy’s expectations with
respect to future performance and anticipated financial impacts of
the proposed business combination, the satisfaction of the closing
conditions to the proposed business combination, and the timing of
the Mountain Crest shareholders meeting and completion of the
proposed business combination.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from those discussed in the forward-looking statements.
Most of these factors are outside Mountain Crest’s and Playboy’s
control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (1) the occurrence of
any event, change, or other circumstances that could give rise to
the termination of the definitive merger agreement (the
“Agreement”); (2) the outcome of any legal proceedings that may be
instituted against Mountain Crest and Playboy following the
announcement of the Agreement and the transactions contemplated
therein; (3) the inability to complete the proposed business
combination, including due to failure to obtain approval of the
stockholders of Mountain Crest, certain regulatory approvals, or
satisfy other conditions to closing in the Agreement; (4) the
occurrence of any event, change, or other circumstance that could
give rise to the termination of the Agreement or could otherwise
cause the transaction to fail to close; (5) the impact of COVID-19
pandemic on Playboy’s business and/or the ability of the parties to
complete the proposed business combination; (6) the inability to
obtain or maintain the listing of Mountain Crest’s shares of common
stock on Nasdaq following the proposed business combination; (7)
the risk that the proposed business combination disrupts current
plans and operations as a result of the announcement and
consummation of the proposed business combination; (8) the ability
to recognize the anticipated benefits of the proposed business
combination, which may be affected by, among other things,
competition, the ability of Playboy to grow and manage growth
profitably, and retain its key employees; (9) costs related to the
proposed business combination; (10) changes in applicable laws or
regulations; (11) the possibility that Mountain Crest or Playboy
may be adversely affected by other economic, business, and/or
competitive factors; (12) risks relating to the uncertainty of the
projected financial information with respect to Playboy; (13) risks
related to the organic and inorganic growth of Playboy’s business
and the timing of expected business milestones; (14) the amount of
redemption requests made by Mountain Crest’s stockholders; and (15)
other risks and uncertainties indicated from time to time in the
final prospectus of Mountain Crest for its initial public offering
and the proxy statement relating to the proposed business
combination, including those under “Risk Factors” therein, and in
Mountain Crest’s other filings with the SEC. Mountain Crest
cautions that the foregoing list of factors is not exclusive.
Mountain Crest and Playboy caution readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Mountain Crest and Playboy do not undertake or
accept any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements to reflect
any change in their expectations or any change in events,
conditions, or circumstances on which any such statement is
based.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210114005345/en/
Investors PlayboyIR@icrinc.com
Media PlayboyPR@icrinc.com
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