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

News Press releases

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).

GlobeNewswire Inc. • 07/05/2024 à 22:51:00
Digital Brands Group, Inc. Common Stock
Address: 4700 S. BOYLE AVE
Postal Code: 90058
City: VERNON
State: CA
Phone Number: (720)937-9286
Website: https://www.digitalbrandsgroup.co
Status: Active
Company Info

Digital Brands Group Inc offers a variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. It has expanded into an omnichannel brand offering the styles and content not only online but at selected wholesale and retail storefronts. Its brand portfolio consists of Bailey 44, DSTLD, Harper & Jones, Stateside, and Sundry.

List Date2021-05-14
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001668010
Composite figiBBG00S90Q1M3
Share Class figiBBG00S90Q1N2
Market Cap7,115,690 USD
SIC Code5600
SIC DescriptionRETAIL-APPAREL & ACCESSORY STORES
Total Employees56
Share Class Shares Outstanding1700000
Weighted Shares Outstanding2726318
Round Lot100
Updated date2024-05-19
Stats
Last 5 days
17-05
16-05
15-05
14-05
13-05
Last
2.84
2.67
2.73
2.509
2.564
Variance
6.25%
-2.2%
9.2%
-2.41%
7.96%
Open
2.673
2.73
2.5
2.571
2.375
Highest
2.885
2.815
2.779
2.6
2.564
Lowest
2.847
2.775
2.755
2.6
2.557
History
PeriodVarhighestlowest
1 week
19.58%
2.564
2.557
1 month
1.21%
3.005
2.525
3 month
-40.11%
5.35
2.525
6 month
-22.83%
3.71
2.295
1 year
-87.78%
24.5
2.295
3 year
-99.96%
8275
2.295
5 year
-99.97%
10425
2.295
10 year
-99.97%
10425
2.295
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-22 2023-08-21 2023-11-14 UNPUB
Assets 33,129,832 27,552,558 27,737,807 UNPUB
Current Assets 8,902,366 6,613,944 7,650,080 UNPUB
Current Liabilities 40,140,987 22,651,462 22,359,678 UNPUB
Equity -7,863,021 4,423,960 5,221,345 UNPUB
Equity Attributable To Noncontrolling Interest 0 0 0 UNPUB
Equity Attributable To Parent -7,863,021 4,423,960 5,221,345 UNPUB
Liabilities 40,992,853 23,128,598 22,516,462 UNPUB
Liabilities And Equity 33,129,832 27,552,558 27,737,807 UNPUB
Noncurrent Assets 24,227,466 20,938,614 20,087,727 UNPUB
Noncurrent Liabilities 851,866 477,136 156,784 UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-22 2023-08-21 2023-11-14 UNPUB
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow 685,968 -1,626,114 731,789 UNPUB
Net Cash Flow, Continuing 685,968 -1,626,114 731,789 UNPUB
Net Cash Flow From Financing Activities 2,291,109 -291,140 4,207,981 UNPUB
Net Cash Flow From Financing Activities, Continuing 2,291,109 -291,140 4,207,981 UNPUB
Net Cash Flow From Investing Activities 87,379 -46,048 0 UNPUB
Net Cash Flow From Investing Activities, Continuing 87,379 -46,048 0 UNPUB
Net Cash Flow From Operating Activities -1,692,520 -1,288,926 -3,476,192 UNPUB
Net Cash Flow From Operating Activities, Continuing -1,692,520 -1,288,926 -3,476,192 UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-22 2023-08-21 2023-11-14 UNPUB
Comprehensive Income/Loss -6,136,349 5,044,261 -5,435,994 UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Comprehensive Income/Loss Attributable To Parent -6,136,349 5,044,261 -5,435,994 UNPUB
Other Comprehensive Income/Loss 0 0 0 UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-22 2023-08-21 2023-11-14 UNPUB
Basic Earnings Per Share UNPUB 1 UNPUB UNPUB
Benefits Costs and Expenses 11,231,583 -2,042,887 8,693,326 UNPUB
Cost Of Revenue 2,656,652 2,157,349 1,554,044 UNPUB
Costs And Expenses 11,231,583 -2,042,887 8,693,326 UNPUB
Diluted Earnings Per Share UNPUB 0 UNPUB UNPUB
Gross Profit 2,438,582 2,336,075 1,703,288 UNPUB
Income/Loss From Continuing Operations After Tax -6,136,349 6,536,311 -5,435,994 UNPUB
Income/Loss From Continuing Operations Before Tax -6,136,349 6,536,311 -5,435,994 UNPUB
Income Tax Expense/Benefit UNPUB UNPUB UNPUB UNPUB
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -6,136,349 5,044,261 -5,435,994 UNPUB
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Net Income/Loss Attributable To Parent -6,136,349 5,044,261 -5,435,994 UNPUB
Net Income/Loss Available To Common Stockholders, Basic -6,136,349 5,044,261 -5,435,994 UNPUB
Operating Expenses 6,022,672 -5,284,884 5,125,450 UNPUB
Operating Income/Loss -3,584,090 7,620,959 -3,422,162 UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 UNPUB
Preferred Stock Dividends And Other Adjustments 0 0 0 UNPUB
Revenues 5,095,234 4,493,424 3,257,332 UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-17
Assets 36,033,584 36,422,979 35,005,350 33,738,056
Current Assets 4,620,877 5,620,063 4,808,321 8,829,394
Current Liabilities 40,849,619 43,973,290 45,539,941 40,893,792
Equity -13,582,048 -14,880,218 -12,524,298 -7,453,174
Equity Attributable To Noncontrolling Interest 0 0 0 0
Equity Attributable To Parent -13,582,048 -14,880,218 -12,524,298 -7,453,174
Liabilities 49,615,632 51,303,197 47,529,648 41,191,230
Liabilities And Equity 36,033,584 36,422,979 35,005,350 33,738,056
Noncurrent Assets 31,412,707 30,802,916 30,197,029 24,908,662
Noncurrent Liabilities 0 0 1,989,707 297,438
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-17
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow 37,619 -37,619 -332,995 754,888
Net Cash Flow, Continuing 37,619 -37,619 -332,995 754,888
Net Cash Flow From Financing Activities 678,351 6,205,449 1,478,595 18,639,161
Net Cash Flow From Financing Activities, Continuing 678,351 6,205,449 1,478,595 18,639,161
Net Cash Flow From Investing Activities -5,576 -268,754 268,797 -7,313,384
Net Cash Flow From Investing Activities, Continuing -5,576 -268,754 268,797 -7,313,384
Net Cash Flow From Operating Activities -635,156 -5,974,314 -2,080,387 -10,570,889
Net Cash Flow From Operating Activities, Continuing -635,156 -5,974,314 -2,080,387 -10,570,889
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-17
Comprehensive Income/Loss -7,832,942 -9,533,924 -4,894,472 -38,043,362
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -7,832,942 -9,533,924 -4,894,472 -38,043,362
Other Comprehensive Income/Loss 0 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-16 2022-08-15 2022-11-14 2023-04-17
Basic Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Benefits Costs and Expenses 11,265,352 0 0 52,014,540
Cost Of Revenue 1,958,911 1,567,922 1,771,178 8,030,908
Costs And Expenses 11,265,352 14,406,289 6,016,288 52,014,540
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit 1,473,499 2,171,079 1,653,344 5,940,270
Income/Loss From Continuing Operations After Tax -7,832,942 -9,533,924 -4,894,472 -38,043,362
Income/Loss From Continuing Operations Before Tax -7,832,942 -9,533,924 3,424,522 -38,043,362
Income Tax Expense/Benefit UNPUB UNPUB UNPUB UNPUB
Interest Expense, Operating UNPUB UNPUB UNPUB 573,455
Net Income/Loss -7,832,942 -9,533,924 -4,894,472 -38,043,362
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Net Income/Loss Attributable To Parent -7,832,942 -9,533,924 -4,894,472 -38,043,362
Net Income/Loss Available To Common Stockholders, Basic -7,832,942 -9,533,924 -4,894,472 -38,043,362
Operating Expenses 7,054,976 12,838,367 4,245,110 38,037,375
Operating Income/Loss -5,581,477 -10,667,288 -2,591,766 -32,097,105
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues 3,432,410 3,739,001 3,424,522 13,971,178
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-16 2021-11-12 2022-03-31
Assets UNPUB 34,016,332 40,664,284 36,485,224
Current Assets UNPUB 6,443,756 5,474,460 4,776,334
Current Liabilities UNPUB 21,599,735 23,669,092 35,047,266
Equity UNPUB 4,873,493 1,462,801 -7,089,781
Equity Attributable To Noncontrolling Interest UNPUB 0 0 0
Equity Attributable To Parent UNPUB 4,873,493 1,462,801 -7,089,781
Liabilities UNPUB 29,142,839 39,201,483 43,575,005
Liabilities And Equity UNPUB 34,016,332 40,664,284 36,485,224
Noncurrent Assets UNPUB 27,572,576 35,189,824 31,708,890
Noncurrent Liabilities UNPUB 0 15,532,391 8,527,739
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-16 2021-11-12 2022-03-31
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow UNPUB 3,499,935 -3,821,394 -47,592
Net Cash Flow, Continuing UNPUB 3,499,935 -3,821,394 -47,592
Net Cash Flow From Financing Activities UNPUB 8,823,134 6,077,609 20,181,820
Net Cash Flow From Financing Activities, Continuing UNPUB 8,823,134 6,077,609 20,181,820
Net Cash Flow From Investing Activities UNPUB -369,839 -5,018,926 -6,011,053
Net Cash Flow From Investing Activities, Continuing UNPUB -369,839 -5,018,926 -6,011,053
Net Cash Flow From Operating Activities UNPUB -4,953,360 -4,880,077 -14,218,359
Net Cash Flow From Operating Activities, Continuing UNPUB -4,953,360 -4,880,077 -14,218,359
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-16 2021-11-12 2022-03-31
Comprehensive Income/Loss UNPUB -10,697,498 -8,938,047 -32,357,957
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Comprehensive Income/Loss Attributable To Parent UNPUB -10,697,498 -8,938,047 -32,357,957
Other Comprehensive Income/Loss UNPUB 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-16 2021-11-12 2022-03-31
Basic Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Benefits Costs and Expenses UNPUB 0 0 0
Cost Of Revenue UNPUB 608,944 954,137 4,689,200
Costs And Expenses UNPUB 11,845,452 10,076,044 38,933,517
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit UNPUB 394,585 1,209,143 2,895,659
Income/Loss From Continuing Operations After Tax UNPUB -10,697,498 -8,938,047 -32,357,957
Income/Loss From Continuing Operations Before Tax UNPUB -10,697,498 2,163,280 7,584,859
Income Tax Expense/Benefit UNPUB -1,100,120 0 -1,100,120
Interest Expense, Operating UNPUB 202,041 189,096 825,219
Net Income/Loss UNPUB -10,697,498 -8,938,047 -32,357,957
Net Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Net Income/Loss Attributable To Parent UNPUB -10,697,498 -8,938,047 -32,357,957
Net Income/Loss Available To Common Stockholders, Basic UNPUB -10,697,498 -8,938,047 -32,357,957
Operating Expenses UNPUB 11,236,508 9,121,907 34,244,317
Operating Income/Loss UNPUB -10,841,923 -7,912,764 -31,348,658
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB 0 0 0
Preferred Stock Dividends And Other Adjustments UNPUB 0 0 0
Revenues UNPUB 1,003,529 2,163,280 7,584,859
Calendar
17 May 2024 (Time UTC) Actual Previous Consensus
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News Stream
News Press releases
DBGI Announces Closing of Exercise of Warrants for $3.2 Million in Gross Proceeds
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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