Mountain Crest Acquisition completed the merger with Playboy in a $381m deal.

Mountain Crest Acquisition, a publicly-traded special purpose acquisition corporation, completed the merger with Playboy, an American privately held global media and lifestyle company, in a $381m deal. "We are taking this step into the public markets because the committed capital will enable us to accelerate our product development and go-to-market strategies and to more rapidly build our direct to consumer capabilities,” Ben Kohn, Playboy CEO.