Digital Brands Group raises ~$7.5M in registered offering of units with stock and warrants

Digital Brands Group, Inc.

Gross proceeds of ~$7.5M from sale of 11.4M units at $0.66/unit.
Each unit includes one share (or pre-funded warrant) and two warrants exercisable at $0.66 for one year.
Pre-funded warrants have $0.0001 exercise price with no expiration; warrants expire in one year.
Placement agent receives 8% cash fee, $150k expense reimbursement, and warrants for 568,267 shares at $0.759.
Offering closed Feb 18, 2025 under effective S-1 registration statement filed Jan 27, 2025.

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