Digital brands group announces closing of convertible note financing

Austin, texas, oct. 5, 2021 /prnewswire/ -- digital brands group, inc. ("dbg" or the "company")  (nasdaq: dbgi), a digitally first portfolio company, today announced that is has raised gross proceeds of $1,500,000 through the issuance of a senior secured convertible promissory note (the "note") to firstfire global opportunities fund, llc, a delaware limited liability company ("firstfire"). the note, in the principal amount of $1,575,000, bears interest at 6% per annum and is due and payable 18 months from the date of issuance, unless sooner converted.
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