Digital Brands Group, Inc. (DBGI): Nasdaq/NYSE listing notice — Nasdaq to delist Digital Brands Group (DBGI) stock effective Dec 18, 2024

Digital Brands Group, Inc.

Nasdaq notified company on Dec 16, 2024 of delisting; trading suspended at open Dec 18, 2024.
Violations: Bid Price (Rule 5550a2), Shareholders' Equity (Rule 5550b1), and Shareholder Approval (Rule 5635).
Company expects common stock to trade on OTC Pink Market under symbol 'DBGI'.
Company may request Nasdaq Listing Council review within 15 days; Council may also review on its own within 45 days.

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 delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5550(b)(1), 5635).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5550(b)(1), 5635

Exact text from the filing

December 16, 2024, The Nasdaq Stock Market LLC (“Nasdaq”) notified Digital Brands Group, Inc., a Delaware corporation (the “Company”), that the Nasdaq Hearings Panel (the “Panel”) has determined to delist the Company’s common stock and that trading of the Company’s securities will be suspended at the open of trading on December 18, 2024. The Company expects its common stock will be eligible for quotation on the OTC Pink Market under its existing symbol, “DBGI”. The Panel reached its decision because the Company is in violation of Listing Rules 5550(a)(2), 5550(b)(1), and 5635, the Bid Price, S

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Digital Brands Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-050342

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