DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company’s Convertible Notes
Digital Brands Group, Inc. (DBGI)
Company Research
Source: GlobeNewswire
Austin, TX, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG” or “Company”) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces that it has paid off $1.3 million in outstanding convertible notes (the “Remaining Convertible Notes”). As a result of this payoff, the Company has now retired all debt securities that were convertible into the Company’s common stock. “This was a significant step in cleaning up the balance sheet, which also removed the overhang created by the Remaining Convertible Notes. The Company has now paid off over $3.5 million in debt in 2024, including the Remaining Convertible Notes, in its effort to remove debt overhang and focus on the growth of the Company,” said Hil Davis, Chief Executive Officer of Digital Brands Group. Forward-looking Statements Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made bas
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DBGI
Sec Filings
- 11/20/24 - Form 8-K
- 11/15/24 - Form 10-Q/A
- 11/14/24 - Form 8-K
- DBGI's page on the SEC website