Digital Brands Group enters $3M NIL consulting deal with Athlete Capital Sports

Digital Brands Group, Inc.

Agreement with Athlete Capital Sports for consulting on Penn State NIL program; term 3 years.
Company to issue shares worth $3M (based on VWAP or closing price) as consulting fee; delivery by April 11, 2026.
Make-whole provision guarantees Athlete Capital receives $3M total value from share sales.
CEO John Hilburn Davis IV appointed as proxy to vote shares held by Athlete Capital.
Company also commits to $500k/year for 3 years ($1.5M total) to university student athlete funds.

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