Core Viewpoint - Digital Brands Group, Inc. (DBG) has announced a public offering of 11.36 million units at a price of $0.66 per unit, aiming to raise approximately $7.5 million for working capital, corporate purposes, and debt repayment [1][3]. Group 1: Offering Details - The offering consists of units that include a share of common stock and/or a pre-funded warrant to purchase common stock, along with two common stock purchase warrants [1]. - The offering is expected to close on February 18, 2025, subject to customary closing conditions [3]. - RBW Capital Partners LLC, through Dawson James Securities, Inc., is the exclusive placement agent for the offering [2]. Group 2: Company Background - DBG operates a variety of apparel brands through both direct-to-consumer and wholesale channels, focusing on a digitally native-first vertical brand model [5]. - The company aims to enhance customer engagement by leveraging data and purchase history to create personalized content and looks for specific customer cohorts [5].
DBGI Announces Pricing of $7.5 Million Public Offering of Units of Common Stock and/or Pre-Funded Warrants and Warrants