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Stock impact report

DigitalBridge Announces Participation in DataBank Financing

DigitalBridge Group, Inc. (DBRG) 
Company Research Source: Business Wire
DigitalBridge will receive gross cash proceeds of $59M in connection with DataBank’s oversubscribed $2B equity round originally announced in October 2024 BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced its participation in an approximately $600M secondary share sale completed by its portfolio company DataBank, a leading nationwide edge data center platform. DigitalBridge participated alongside existing investors and will receive gross cash proceeds of $59 million in connection with the transaction closing, expected in February 2025. The secondary transaction results from an oversubscribed $2 billion equity round that DataBank originally announced in October 2 Read more
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