Digital Brands cures Nasdaq equity deficiency; panel monitor extended to June 2025

Digital Brands Group, Inc.

Stockholders' equity was $1.6 million at Dec 31, 2023, below Nasdaq's $2.5 million minimum.
Raised ~$3.2 million in May 2024 from exercise of ~1.03 million warrants at $3.13 per share.
Nasdaq confirmed on June 3, 2024 that equity deficiency is cured; listing continues.
Panel Monitor extended to June 3, 2025; any new non-compliance requires immediate hearing.

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