other material
confidence high
sentiment neutral
materiality 0.55
Digital Brands Group effectuates 1-for-50 reverse stock split effective Dec. 12
Digital Brands Group, Inc.
- Stockholders approved reverse split at the Dec. 2, 2024 annual meeting; Board set ratio at 1-for-50.
- Certificate of amendment filed Dec. 9, became effective Dec. 12 at 5:00 PM ET.
- Post-split shares outstanding: 817,872, reduced from approximately 40.9 million pre-split.
- The amendment was filed with the Delaware Secretary of State.