Digital Brands Group, Inc. (DBGI): Nasdaq/NYSE listing notice — Digital Brands Group receives Nasdaq delisting notice for equity non-compliance; plans hearing request

Digital Brands Group, Inc.

Stockholders' equity of $1,602,592 as of Dec 31, 2023, below Nasdaq's $2,500,000 Equity Rule minimum.
Nasdaq notified company on April 22, 2024, of potential delisting under ongoing Panel Monitor.
Company intends to request hearing before Nasdaq Hearings Panel, which will automatically stay suspension.
Panel may grant extension until October 21, 2024, but no assurance of regaining compliance.

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)).

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

Exact text from the filing

period. In the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 15, 2024, the Company reported stockholders’ equity of $1,602,592 and, therefore, no longer complied with the Equity Rule. On April 22, 2024, Nasdaq notified the Company that, given the Panel Monitor, unless the Company timely requests a hearing

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Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-015954

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