Dbgi announces pricing of $3 million public offering of common stock and/or pre-funded warrants

Austin, tx, oct. 28, 2024 (globe newswire) -- digital brands group, inc. (“dbg”) (nasdaq: dbgi), a curated collection of luxury lifestyle brands, announces the pricing of its public offering of an aggregate of 30 million shares of common stock and/or pre-funded warrants to purchase common stock at a public offering price of $0.10 per share (minus $0.0001 per pre-funded warrant). the gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be $3 million. dbg intends to use the net proceeds of the offering for working capital, general corporate purposes, and the repayment of debt.
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