(UPDATED) Digital Brands Group Announces Uplisting to Nasdaq

Rhea-AI Summary

Digital Brands Group (NASDAQ:DBGI), an eCommerce and Fashion company, has announced its uplisting to the Nasdaq Capital Market effective August 20, 2025. The company will maintain its current ticker symbol "DBGI" on the new exchange.

This strategic move represents a significant milestone for Digital Brands Group, aimed at enhancing investor visibility and increasing stock liquidity. The company will continue operating under its existing business model while pursuing its growth strategy on the major exchange.

Positive

• Uplisting to Nasdaq Capital Market enhances company visibility and credibility
• Potential for increased stock liquidity and broader investor access
• Maintains same ticker symbol, ensuring continuity for existing shareholders

Negative

• Additional compliance and reporting requirements may increase operational costs
• Higher listing standards must be maintained to prevent delisting

Austin, Texas, Aug. 20, 2025 (GLOBE NEWSWIRE) -- DBGI Corp. (Ticker: [NASDAQ:DBGI] a publicly traded company specializing in eCommerce and Fashion today announced it will commence trading on The Nasdaq Capital Market ("Nasdaq") under its current ticker symbol “DBGI” on Wednesday, August 20, 2025.

The uplisting to Nasdaq marks a key milestone in the Company’s evolution, designed to enhance investor visibility, increase liquidity, and allow Digital Brands Group to pursue its growth strategy. The Company believes this transition positions it well to continue building long-term value for shareholders.

Digital Brands Group will continue to operate under its current business model and will retain its ticker symbol “DBGI” on Nasdaq.

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.

Digital Brands Group, Inc. Company Contact
Hil Davis, CEO

Email: invest@digitalbrandsgroup.co
https://ir.digitalbrandsgroup.co

Forward-looking Statements

Certain statements included in this release are "forward-looking statements" within the meaning of the 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.

FAQ

When will Digital Brands Group (DBGI) begin trading on Nasdaq?

Digital Brands Group will commence trading on the Nasdaq Capital Market on Wednesday, August 20, 2025, under the ticker symbol 'DBGI'.

What is the significance of DBGI's uplisting to Nasdaq?

The uplisting represents a significant milestone that aims to enhance investor visibility, increase stock liquidity, and support the company's growth strategy while building long-term shareholder value.

Will Digital Brands Group change its ticker symbol after uplisting to Nasdaq?

No, Digital Brands Group will retain its current ticker symbol 'DBGI' when trading on the Nasdaq Capital Market.

How will the Nasdaq uplisting affect Digital Brands Group's business operations?

The company will continue to operate under its current business model while benefiting from increased visibility and liquidity on the major exchange.

What are the benefits of DBGI's uplisting to Nasdaq for shareholders?

The uplisting is expected to provide increased stock liquidity, broader investor exposure, and potentially enhance long-term shareholder value through improved market visibility.