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Digital Brands Group (DBGI) Prices 37.4M Share Offering at $0.25/sh

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Digital Brands Group, Inc. Announces Pricing of Underwritten Public Offering

May 5, 2022 10:57 PM EDT

AUSTIN, Texas, May 5, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("Digital Brands" or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the pricing of its underwritten public offering of 37,389,800 shares of its common stock at a public offering price of $0.25 per share. In addition, the Company has granted the underwriters a 45-day option to purchase up to 5,400,000 additional shares of common stock at the public offering price per share, less underwriting discounts, and commissions, to... More