other material
confidence high
sentiment neutral
materiality 0.70
Digital Brands Group raises ~$3M via stock and pre-funded warrant offering
Digital Brands Group, Inc.
- Issued 6,233,650 common shares at $0.10/share and 24,109,350 pre-funded warrants at $0.0999 each.
- Gross proceeds of approximately $3,000,000 before placement agent fees and expenses.
- Placement agent RBW Capital Partners (Dominari Securities) received 8.0% cash fee plus 1.0% expense allowance.
- Offering closed on October 30, 2024; pre-funded warrants have $0.0001 exercise price and no expiration.
- Shares and warrants offered under effective registration statement on Form S-1 filed October 24, 2024.