DBGI Announces Pricing of $7.5 Million Public Offering of Units of Common Stock and/or Pre-Funded Warrants and Warrants
Digital Brands Group (DBGI) has announced the pricing of a $7.5 million public offering, consisting of 11.36 million units at $0.66 per unit. Each unit includes a share of common stock and/or pre-funded warrant to purchase common stock, plus two common stock purchase warrants. The offering is expected to close on February 18, 2025.
RBW Capital Partners , through Dawson James Securities, is acting as the exclusive placement agent. The company plans to use the net proceeds for working capital, general corporate purposes, and debt repayment. The offering is being conducted under the company's Form S-1 registration statement, which was declared effective by the SEC on February 11, 2025.
Digital Brands Group (DBGI) ha annunciato il prezzo di un'offerta pubblica di 7,5 milioni di dollari, composta da 11,36 milioni di unità a 0,66 dollari per unità. Ogni unità include una azione di capitale comune e/o un warrant prefinanziato per acquistare azioni comuni, più due warrant per l'acquisto di azioni comuni. Si prevede che l'offerta si chiuda il 18 febbraio 2025.
RBW Capital Partners, attraverso Dawson James Securities, sta agendo come agente di collocamento esclusivo. L'azienda prevede di utilizzare i proventi netti per capitale circolante, scopi aziendali generali e rimborso del debito. L'offerta viene effettuata sotto la dichiarazione di registrazione Form S-1 della società, che è stata dichiarata efficace dalla SEC l'11 febbraio 2025.
Digital Brands Group (DBGI) ha anunciado el precio de una oferta pública de 7.5 millones de dólares, que consiste en 11.36 millones de unidades a 0.66 dólares por unidad. Cada unidad incluye una acción de capital común y/o un warrant prefinanciado para comprar acciones comunes, más dos warrants para la compra de acciones comunes. Se espera que la oferta se cierre el 18 de febrero de 2025.
RBW Capital Partners, a través de Dawson James Securities, actúa como agente de colocación exclusivo. La compañía planea utilizar los ingresos netos para capital de trabajo, fines corporativos generales y pago de deudas. La oferta se está llevando a cabo bajo la declaración de registro Form S-1 de la compañía, que fue declarada efectiva por la SEC el 11 de febrero de 2025.
디지털 브랜드 그룹 (DBGI)는 750만 달러의 공모가를 발표했으며, 이는 단위당 0.66달러에 1136만 개의 유닛으로 구성됩니다. 각 유닛에는 보통주와/또는 보통주 구매를 위한 사전 자금 지원 워런트가 포함되어 있으며, 두 개의 보통주 구매 워런트도 포함됩니다. 이 공모는 2025년 2월 18일에 마감될 예정입니다.
RBW 캐피탈 파트너스는 Dawson James Securities를 통해 독점 배치 에이전트로 활동하고 있습니다. 회사는 순수익을 운전 자본, 일반 기업 목적 및 부채 상환에 사용할 계획입니다. 이 공모는 SEC에 의해 2025년 2월 11일에 효력이 발생한 회사의 Form S-1 등록 성명서에 따라 진행되고 있습니다.
Digital Brands Group (DBGI) a annoncé le prix d'une offre publique de 7,5 millions de dollars, composée de 11,36 millions d'unités au prix de 0,66 dollar par unité. Chaque unité comprend une action ordinaire et/ou un warrant préfinancé pour acheter des actions ordinaires, plus deux warrants d'achat d'actions ordinaires. La clôture de l'offre est prévue pour le 18 février 2025.
RBW Capital Partners, par l'intermédiaire de Dawson James Securities, agit en tant qu'agent de placement exclusif. La société prévoit d'utiliser le produit net pour le fonds de roulement, les fins générales de l'entreprise et le remboursement de la dette. L'offre est menée sous l'état d'enregistrement Form S-1 de la société, qui a été déclarée effective par la SEC le 11 février 2025.
Digital Brands Group (DBGI) hat die Preisgestaltung einer öffentlichen Angebots von 7,5 Millionen Dollar bekannt gegeben, bestehend aus 11,36 Millionen Einheiten zu je 0,66 Dollar pro Einheit. Jede Einheit beinhaltet eine Aktie des Stammkapitals und/oder einen vorfinanzierten Optionsschein zum Kauf von Stammaktien sowie zwei Optionsscheine zum Kauf von Stammaktien. Es wird erwartet, dass das Angebot am 18. Februar 2025 abgeschlossen wird.
RBW Capital Partners handelt über Dawson James Securities als exklusiver Platzierungsagent. Das Unternehmen plant, die Nettoerlöse für Betriebskapital, allgemeine Unternehmenszwecke und Schuldenrückzahlung zu verwenden. Das Angebot wird unter dem Registrierungsstatement Form S-1 des Unternehmens durchgeführt, das am 11. Februar 2025 von der SEC für wirksam erklärt wurde.
- Secured $7.5 million in gross proceeds through public offering
- Proceeds will be used to repay debt and strengthen working capital
- Potential significant shareholder dilution through issuance of 11.36 million units
- Additional dilution risk from warrant exercises
- Trading on OTC Pink market indicates delisting from major exchange
Austin, TX, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (OTC PINK: DBGI), a curated collection of luxury lifestyle brands, announces the pricing of 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
RBW Capital Partners LLC, acting through Dawson James Securities, Inc. (the “Placement Agent”), is acting as the exclusive placement agent for the offering.
Anthony Linder Cacomanolis PLLC is acting as legal counsel to Digital Brands Group, Inc. and Sichenzia Ross Ference Carmel LLP is acting as 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 (the “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 will be available on the SEC’s website at https://www.sec.gov/. Copies of the final prospectus relating to this offering may be obtained from the Placement Agent at 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, or the email address investmentbanking@dawsonjames.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Digital Brands Group
We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG’s plans, objectives, projections and expectations relating to DBG’s operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG’s customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG’s ability to implement its business strategy; DBG’s ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG’s and its vendors’ ability to maintain the strength and security of information technology systems; the risk that DBG’s facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG’s ability to properly collect, use, manage and secure consumer and employee data; stability of DBG’s manufacturing facilities and foreign suppliers; continued use by DBG’s suppliers of ethical business practices; DBG’s ability to accurately forecast demand for products; continuity of members of DBG’s management; DBG’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG’s ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG’s financial results is included from time to time in DBG’s public reports filed with the SEC, including DBG’s Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.
Digital Brands Group, Inc. Company Contact
Hil Davis, CEO
Email: invest@digitalbrandsgroup.co
Phone: (800) 593-1047
SOURCE Digital Brands Group, Inc.
Related Links
https://ir.digitalbrandsgroup.co
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