Dbgi announces pricing of $7.5 million public offering of units of common stock and/or pre-funded warrants and warrants

Austin, tx, feb. 13, 2025 (globe newswire) -- digital brands group, inc. (“dbg”) (otc pink: dbgi), a curated collection of luxury lifestyle brands, announces the pricing of its public offering of an aggregate of 11.36 million units, of which each unit includes a share of common stock and/or pre-funded warrant to purchase common stock, plus two common stock purchase warrants, at a public offering price of $0.66 per unit (minus $0.0001 per unit that includes a pre-funded warrant). the gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be $7.5 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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