M&A
confidence high
sentiment neutral
materiality 0.40
Digital Brands Group acquires Open Daily virtual shopping assets for 344,827 shares
Digital Brands Group, Inc.
- Acquired patent applications, trademarks, and software from Open Daily Technologies Inc.
- Consideration: 344,827 shares of DBGI common stock; deal closed April 2, 2025.
- Open Daily's core products: Outfit Virtual Shopping, Outfit Voice AI, Outfit ND-AI.
- Acquisition aims to enhance digital retail engagement and immersive shopping experiences.
- No cash or debt assumed; only intellectual property assets transferred.