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DBGI forecasts profitable Q3 2026 with $8.5M-$11M revenue; AVO takes over lululemon in 1,000+ bookstores
Q3 2026 revenue guidance $8.5M-$11M, positive net income; 300%-500% YoY revenue increase from $3.5M loss to break-even/positive.
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DBGI retains Christian Attar and ShareIntel to investigate naked short selling and market manipulation
Retained law firm Christian Attar and engaged ShareIntel in June 2026 to investigate potential illegal trading activity.
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Digital Brands Group announces expiration of 9.6M cash warrants, eliminating 16.7M share dilution overhang
Approximately 9.6 million outstanding cash warrants expired on June 17, 2026.
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DBGI cancels 7.1M pre-funded warrants; investigating collusion and 4.99% cap violations
Cancelled 7.1 million pre-funded warrants pending legal investigation into suspected misconduct.
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DBGI enters $238K debt facility with 1800 Diagonal; up to $1.015M additional tranches
Principal $238,050 incl. $13,050 OID; net proceeds of $207,000 for working capital.
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DBGI CEO Hil Davis buys $700,000 in common stock on open market
CEO Hil Davis purchased $700,000 worth of DBGI common stock on June 10, 2026.
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CEO Hil Davis buys DBGI stock on open market for the first time in company history
CEO Hil Davis purchased DBGI common shares in open market on June 1, 2026.
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Digital Brands Group gets initial orders for $125M US program, expands GCC partnership
Received initial purchase orders for its $125M U.S. Program under expanded partnership with Global Combat Collective.
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DBG guides FY2026 revenue $55-65M, FCF $2.5-3.5M; also Jul'26-Jun'27 rev $100-115M, FCF $10-12M
FY 2026 revenue guidance $55M-$65M; free cash flow guidance $2.5M-$3.5M.
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Digital Brands Group enters ATM agreement for up to $100M in common stock with Aegis Capital
Up to $100M aggregate offering price of common stock through Aegis Capital as sales agent.
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Digital Brands Group amends warrant agreements; expects $2.5M from early exercises by May 31
Amendments to prior letter agreements with four warrant holders executed April 14, 2026.
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Digital Brands Group enters $3M NIL consulting deal with Athlete Capital Sports
Agreement with Athlete Capital Sports for consulting on Penn State NIL program; term 3 years.
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DBGI secures $1.54M from warrant exercise, extends remaining warrants to June 17, 2026
2,365,968 existing warrants exercised at $0.66/share, netting $1.54M; 9,634,032 replaced with new warrants expiring June 17, 2026 at same strike.
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DBGI enters 3-year exclusive apparel manufacturing deal with Univ. of Mississippi NIL collective; issues $3M in stock
Exclusive 3-year term to manufacture University of Mississippi apparel (excluding jerseys, polo shirts, collared shirts, quarter zips, and certain NIL items).
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Digital Brands Group amends PIPE to add $1.5M, extends registration deadline
Issued 1,875 additional Series D preferred shares at $1,150 stated value for $1.5M cash.
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Digital Brands Group closes $11.2M PIPE offering of Series D Convertible Preferred Stock
Raised ~$11,225,000 from sale of ~14,031 Series D Preferred shares at $800/share; proceeds held in segregated account pending conditions.
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DBGI signs exclusive manufacturing deals with Alabama NIL agent and Traffic Holdco; to issue up to $12M+ in stock
Exclusive Alabama agreement: $1M stock/year for 3 years for manufacturing select apparel for University of Alabama.
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Digital Brands Group reports pro forma equity of $11.3M after offerings, exceeding $5M threshold
Pro forma total stockholders' equity of $11.3M, up from $(1.33M) deficit after $12.585M in equity issuances.
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Digital Brands Group reports pro forma stockholders' equity above $5M after equity offerings
Pro forma adjustment of $12.6M to additional paid-in capital from several equity issuances since Dec 31, 2024.
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Digital Brands Group pro forma equity rises to $13.8M, exceeds $5M threshold
Pro forma stockholders' equity adjusted to $13,768,340 from $19,046 at Sept 30, 2024 via equity offerings.
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Digital Brands Group applies for national exchange uplisting; closes $7.5M capital raise
Submitted application to list common stock on a national securities exchange; approval not guaranteed.
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Digital Brands Group raises ~$7.5M in registered offering of units with stock and warrants
Gross proceeds of ~$7.5M from sale of 11.4M units at $0.66/unit.
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DBGI prices $7.5M public offering of common stock and warrants
Offering of 11.36 million units at $0.66 per unit, including common stock/pre-funded warrants plus two warrants.
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Digital Brands Group enters three financings totaling ~$582K in gross proceeds
Issued $121,900 promissory note to 1800 Diagonal lending; net proceeds $106,000 after $15,900 OID.
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Nasdaq to delist Digital Brands Group (DBGI) stock effective Dec 18, 2024
Nasdaq notified company on Dec 16, 2024 of delisting; trading suspended at open Dec 18, 2024.
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Digital Brands Group announces 1-for-50 reverse stock split to regain Nasdaq compliance
Reverse split effective Dec 13, 2024; common stock trades split-adjusted from market open.
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Digital Brands Group shareholders approve reverse stock split of up to 1:50
All five director nominees elected: John Hilburn Davis IV, Mark T. Lynn, Trevor Pettennude, Jameeka Green Aaron, Huong "Lucy" Doan.
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Digital Brands Group receives Nasdaq delisting notice over equity deficiency; hearing Dec 3
Received Nasdaq notice for failing $2.5M stockholders' equity requirement; reported equity of $19,046 in Q3 10-Q/A.
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Digital Brands Group Q3 net revenue down 27% YoY to $2.4M; net loss improves to $3.5M
Net revenues of $2.4M vs $3.3M a year ago; drop due to exiting low-margin wholesale account.
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DBG partners with VaynerCommerce; digital revenues up 34% in first 17 days
Partnership with VaynerCommerce began Oct 21, 2024; initial 17-day period (Oct 22–Nov 7) shows 34% rise in daily digital revenue.
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DBG pays off $1.3M in convertible notes, retiring all convertible debt
Paid $1.3M to extinguish remaining convertible notes; no convertible debt remains.
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Digital Brands corrects erroneous issuance of 1.31M shares; outstanding count reduced to 28.98M
Errant issuance of 1,311,345 shares upon conversion of October 2023 promissory note violated Nasdaq Rule 56353(d).
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Digital Brands Group receives Nasdaq delisting notice over improper share issuance and bid price
Nasdaq Staff determined non-compliance with Rule 56353(d) due to erroneous issuance of 1,311,345 shares without shareholder approval.
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Digital Brands Group raises ~$3M via stock and pre-funded warrant offering
Issued 6,233,650 common shares at $0.10/share and 24,109,350 pre-funded warrants at $0.0999 each.
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Digital Brands Group prices $3M public offering at $0.10 per share
Pricing of 30M shares/pre-funded warrants at $0.10 per share for gross proceeds of $3M.
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Digital Brands Group erroneously issued 1.3M shares violating Nasdaq rule; shares being cancelled
Issued 1,311,345 shares of common stock to a note holder upon conversion of promissory note between Oct 3-15, 2024.
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Digital Brands Group extends final payment on $1.79M settlement to Oct 31, receives Nasdaq delisting notice
On Oct 3, 2024, Company amended settlement agreements to extend final payment of $1,289,668.37 from Sept 30 to Oct 31, 2024.