Dbgi announces 1-for-25 reverse stock split effective august 22, 2023

Austin, texas , aug. 21, 2023 /prnewswire/ -- digital brands group, inc. ("we", "us", "dbg" or the "company") (nasdaq: dbgi), a curated collection of luxury lifestyle, digital-first brands, announced today that it will effect a 1-for-25 reverse stock split ("reverse stock split") of its common stock, par value $0.0001 per share ("common stock"), that will become effective on august 22, 2023, at 12:01 a.m., eastern time, pursuant to the vote of its shareholders on august 21, 2023.
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