Digital Brands Group (DBGI) Announces 1:50 Reverse Share Split
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Digital Brands Announces 1-for-50 Reverse Stock Split
December 11, 2024 9:00 AM ESTAustin, TX, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (DBG) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces that it will effectuate a 1-for-50 reverse split (the Reverse Split) of its common stock that will become effective on December 13, 2024. The Company expects that the reverse stock split will allow the Company to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq Capital Market.
DBGs common stock will continue to trade on Nasdaq under the symbol DBGI and will begin trading on a... More
