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

Austin, texas , aug. 31, 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 entered into definitive agreements for the issuance and sale of 513,875 shares of common stock (or pre-funded warrants in lieu thereof) together with accompanying common stock warrants at an offering price of $9.73 per share (or pre-funded warrant) and accompanying warrants, in a private placement priced at-the-market under nasdaq rules. each share of common stock (or common stock equivalent) is being offered in the offering together with a series a warrant to purchase one share of common stock at an exercise price of $9.43 per share and a series b warrant to purchase one share of common stock at an exercise price of $9.43 per share.
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