Digital Brands Group announces 1-for-50 reverse stock split to regain Nasdaq compliance

Digital Brands Group, Inc.

Reverse split effective Dec 13, 2024; common stock trades split-adjusted from market open.
Split ratio 1-for-50; new CUSIP 25401N507; symbol DBGI unchanged.
Aims to regain Nasdaq $1.00 minimum bid price listing requirement.
CEO Hil Davis calls split a strategic step toward compliance.

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