As previously reported, on September 30, 2020, Mountain Crest Acquisition Corp. (MCAC or the "company"), entered into an agreement and plan of merger, by and among MCAC, MCAC Merger Sub Inc. ("Merger Sub"), Suying Liu (solely with respect to Section 7.2 and Article XI of the Merger Agreement) and Playboy Enterprises, Inc. ("Playboy"). Upon the closing of the transactions contemplated in the Merger Agreement, Merger Sub will merge with and into Playboy (the "Merger") with Playboy surviving the Merger as a wholly owned subsidiary of MCAC. In addition, in connection with the consummation of the Business Combination, MCAC will be renamed "PLBY Group, Inc." The transactions contemplated under the Merger Agreement relating to the Merger are referred to in this proxy statement as the "Business Combination" and the combined company after the Business Combination is referred to in this proxy statement as the "Combined Company”. On February 9, 2021, the company held a special virtual meeting of its stockholders. At the meeting the stockholders elected, effective as of the consummation of the Business Combination Suhail Rizvi, Ben Kohn, Suying Liu, Tracey Edmonds and James Yaffe to serve on the Combined Company Board of Directors.