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Digital Brands Group ( (DBGI) ) has issued an announcement.
On February 13, 2025, Digital Brands Group announced the pricing of a public offering, raising gross proceeds of $7.5 million. This offering of 11.36 million units, each priced at $0.66, is intended to fund working capital, general corporate purposes, and debt repayment, potentially impacting the company’s operational flexibility and financial health. The offering is expected to close on February 18, 2025.
More about Digital Brands Group
Digital Brands Group, Inc. is a company that offers a curated collection of luxury lifestyle brands. They operate primarily in the apparel industry, providing products on both a direct-to-consumer and wholesale basis. The company leverages customer data and purchase history to deliver personalized content and looks, aiming to capture significant “closet share” in the fashion market.
YTD Price Performance: -13.73%
Average Trading Volume: 244,920
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.11M
See more insights into DBGI stock on TipRanks’ Stock Analysis page.
