DBGI Announces Exercise of Warrants for $3.2 Million in Gross Proceeds
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“we”, “us”, “DBG” or the “Company”) (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the entry into a definitive agreement for the immediate exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company’s common stock at a reduced exercise price of $3.13 per share. The exercised warrants are comprised of Series A and Series B warrants originally issued by the Company on September 5, 2023, each having an exercise price of $9.43 per share. The Series A warrants have a term of five and one-half years and the Series B warrants have a term of fifteen months. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-274563). The closing of the warrant exercise transaction is expected to occur on or about May 7, 2024, subject to s
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DBGI
News
- Digital Brands Group reports decreased net loss in Q1 FY24 [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Digital Brands Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024 [Yahoo! Finance]Yahoo! Finance
- Digital Brands Group to Report First Quarter 2024 Financial Results on Monday, May 20, 2024GlobeNewswire
DBGI
Sec Filings
- 5/21/24 - Form 8-K
- 5/20/24 - Form 10-Q
- 5/15/24 - Form NT
- DBGI's page on the SEC website