Digital Brands Group announces 1-for-40 reverse stock split to regain Nasdaq compliance

Digital Brands Group, Inc.

Reverse stock split at 1-for-40 effective July 24, 2026; reduces outstanding shares from ~23M to ~575,000.
Intended to increase bid price above $1.00 to comply with Nasdaq Listing Rule 5550(a)(2).
Authorized shares reduced from 1B to 25M; par value unchanged at $0.0001 per share.
No fractional shares issued; fractional interests rounded up to nearest whole share.
No stockholder approval required under Nevada law; Clear Trust LLC acting as transfer agent.

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