Digital brands group, inc. announces closing of $9,347,450 underwritten public offering

Austin, texas , may 10, 2022 /prnewswire/ -- digital brands group, inc., a delaware corporation ("digital brands" or the "company") (nasdaq: dbgi), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its underwritten public offering of 37,389,800 shares of its common stock, $0.0001 par value per share, at a public offering price of $0.25 per share. in addition, the company has granted the underwriters a 45-day option to purchase up to 5,608,470 additional shares of common stock at the public offering price per share, less underwriting discounts, and commissions, to cover over-allotments, if any.
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