DBG (DBGI) Enters LOI to Acquire Stateside
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Digital Brands Group Announces LOI to Acquire Elevated Basics Brand Stateside
June 15, 2021 8:30 AM EDTAUSTIN, Texas, June 15, 2021 /PRNewswire/ --Â DBG, Inc (NASDAQ: DBGI), a digitally first portfolio company, today announced that it has signed a non-binding letter of intent to acquire Stateside, a privately-owned global elevated basics brand.
The parties intend to enter into a binding agreement within the next thirty days, with the closing envisaged in the third quarter of 2021. DGB expects to fund the acquisition with a combination of cash and equity to provide the Company the optimum financial flexibility in the future. Completion of the transaction is subject to... More