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.

德克萨斯州奥斯汀，2024年5月7日（环球通讯社）--数字品牌集团（Digital Brands Group，Inc.）（“我们”、“美国”、“DBG”或“公司”）（纳斯达克：DBGI），一家精选的豪华生活方式、数字第一品牌的集合，今天宣布结束其先前宣布的以现金形式行使某些已发行认股权证的活动，以购买公司2023年9月5日最初发行的1027750股普通股，行使价格降低至每股3.13美元。

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). H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. In consideration for the immediate exercise of the warrants for cash, the Company issued new unregistered Series A-1 warrants to purchase up to 1,027,750 shares of common stock and new unregistered Series B-1 warrants to purchase up to 1,027,750 shares of common stock.

认股权证行权后可发行的普通股股份根据表格S-1（文件号333-274563）中的有效登记声明进行登记。H、 C.Wainwright&Co.担任本次发行的独家配售代理。考虑到立即行使现金认股权证，公司发行了新的未注册A-1系列认股权证，以购买多达1027750股普通股，发行了新的未注册B-1系列认股权证，以购买多达1027750股普通股。

The new Series A-1 and Series B-1 warrants have an exercise price of $2.88 per share. The new Series A-1 warrants are exercisable immediately upon issuance for a period of five and one-half years from the date of issuance and the Series B-1 warrants are exercisable immediately upon issuance for a period of fifteen months from the date of issuance.

新的A-1系列和B-1系列认股权证的行权价格为每股2.88美元。新的A-1系列认股权证可在发行后立即行权，期限为自发行之日起五年半，B-1系列认股权证可在发行后立即行权，期限为自发行之日起十五个月。

The gross proceeds to DBG from the exercise of the warrants were approximately $3.2 million, prior to deducting placement agent fees and offering expenses. The Company intends to use the net proceeds from this offering for working capital purposes. The new warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Regulation D promulgated thereunder and, along with .

在扣除配售代理费和发行费用之前，DBG行使认股权证的总收益约为320万美元。公司打算将此次发行的净收益用于营运资金。上述新认股权证是根据经修订的1933年《证券法》（“证券法”）第4（a）（2）节以及根据该法案颁布的D条例以及。