DBGI Announces Closing of Exercise of Warrants for $3.2 Million in Gross Proceeds

May 7, 2024

https://www.globenewswire.com/news-release/2024/05/07/2877297/0/en/DBGI-Announces-Closing-of-Exercise-of-Warrants-for-3-2-Million-in-Gross-Proceeds.html

Austin, TX, May 07, 2024 (GLOBE NEWSWIRE) — Digital Brands Group, Inc. (“we”, “us”, “DBG” or the “Company”) (NASDAQ:DBGI), a curated collection of luxury lifestyle, digital-first brands, today announced the closing of its previously announced exercise in cash of certain outstanding warrants to purchase an aggregate of 1,027,750 shares of the Company’s common stock, originally issued by the Company on September 5, 2023, at a reduced exercise price of $3.13 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-274563).

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