Digital Brands Group, Inc. (DBG) has priced its public offering of an aggregate of 11.36 million units, of which each unit includes a share of common stock and/or pre-funded warrant to purchase common stock, plus two common stock purchase warrants, at a public offering price of 66 cents per unit (minus $0.0001 per unit that includes a pre-funded warrant).
Before deducting the placement agent’s fees and other offering expenses, the gross proceeds from the offering are expected to be $7.5 million.
DBG intends to use the net proceeds of the offering for working capital, general corporate purposes, and debt repayment.
RBW Capital Partners LLC, acting through Dawson James Securities, Inc., is the exclusive Placement Agent for the offering.
Anthony Linder Cacomanolis PLLC is legal counsel to Digital Brands Group, Inc. and Sichenzia Ross Ference Carmel LLP is legal counsel to the Placement Agent.
The offering is expected to close on February 18, 2025, subject to customary closing conditions. The offering is being conducted pursuant to the Company’s registration statement on Form S-1, as amended (File No. 333- 284508), initially filed with the Securities and Exchange Commission (SEC) on or around January 27, 2025, and subsequently declared effective by the SEC on February 11, 2025.
A final prospectus relating to the offering will be filed with the SEC and made available on the SEC’s website or sec.gov.
Digital Brands group portfolio of brands includes Bailey44, DSTLD, Harper & Jones, Stateside, and Sundry.
Image courtesy DSTLD
