Digital Brands Group receives $77.58/share take-private proposal from existing shareholder

Digital Brands Group, Inc.

Existing shareholder with net worth >$1B proposes to acquire all outstanding shares for $77.58 per share in cash.
Proposal represents a ~258% premium over DBGI's current trading price of $21.63 per share.
Company retained Roth Capital Partners to explore take-private options and maximize shareholder value.
Board will evaluate the proposal with its financial advisor; no decision or timeline set.
No assurance that any definitive agreement will be reached or transaction consummated.

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