Dbg announces closing of $5.0 million private placement priced at-the-market under nasdaq rules

Austin, texas , jan. 13, 2023 /prnewswire/ -- digital brands group, inc. ("dbg" or the "company") (nasdaq: dbgi), a curated collection of luxury lifestyle, digital-first brands, today announced that it has closed its previously announced private placement for the issuance and sale of 1,277,140 shares of common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to 1,277,140 shares of common stock at an offering price of $3.915 per share (or pre-funded warrant) and accompanying warrant, priced at-the-market under nasdaq rules. the warrants are exercisable immediately upon issuance, have a term of five years and an exercise price of $3.80 per share.
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