Digital Brands Group, Inc. (DBGI): Nasdaq/NYSE listing notice — Digital Brands Group receives Nasdaq delisting notice over stockholders' deficit; plans hearing

Digital Brands Group, Inc.

Received Nasdaq delisting notice on May 23, 2023 for failure to meet Rule 5550(b)(1) stockholders' equity requirement.
Stockholders' deficit for Q1 2023 reported in 10-Q filed May 22; company was under prior Panel Monitor.
Will request a hearing before Nasdaq Hearings Panel, automatically staying any suspension.
No assurance panel will grant extension or company can regain compliance; risk of delisting remains.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Digital Brands Group, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 23, 2023, the Company received a letter (the “Letter”) from the staff (the “Staff”) of The Nasdaq Capital Market (“Nasdaq”) notifying the Company that the Nasdaq Staff (the “Staff”) has determined to delist the Company’s common stock from Nasdaq based on the Company’s failure to comply with the listing requirements of Nasdaq Rule 5550(b)(1) as a result of the Company’s stockholders’ deficit for the period ended March 31, 2023, as demonstrated in Company’s Quarterly Report on Form 10-Q filed on May 22, 2023, while the Company was under Panel Monitor as had been previously disclosed. The Let

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Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-065495

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