Digital Brands Announces 1-for-50 Reverse Stock Split
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, 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. DBG’s common stock will continue to trade on Nasdaq under the symbol “DBGI” and will begin trading on a split-adjusted basis when the market opens on December 13, 2024. The new CUSIP number for the common stock following the Reverse Split will be 25401N507. “This reverse stock split is a strategic step towards regaining compliance with Nasdaq’s listing requirements,” stated Hil Davis, Chief Executive Officer of Digital Brands Group. Forward-looking Statements Certain statements included in this release are "forward-lo
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DBGI
News
- DBG Provides Shareholder UpdateGlobeNewswire
- DBG Announces First 45 Day Results with VAYNERCOMMERCE resulting in a 224% increase in digital revenueGlobeNewswire
- Digital Brands Announces 1-for-50 Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- DBG Partners with VAYNERCOMMERCE to Launch AVO on Tik Tok Shop & Tik Tok Live [Yahoo! Finance]Yahoo! Finance
- DBG Partners with VAYNERCOMMERCE to Launch AVO on Tik Tok Shop & Tik Tok LiveGlobeNewswire
DBGI
Sec Filings
- 12/17/24 - Form 8-K
- 12/16/24 - Form 8-K
- 12/13/24 - Form 8-K
- DBGI's page on the SEC website