Business
Digital Brands Group Amends Series D PIPE Financing to Provide for Additional $1.5 Million Investment
Austin, TX, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (NASDAQ: DBGI) (“DBG” or the “Company”), a publicly traded company specializing in eCommerce and Fashion, today announced that it has amended its previously reported private investment in public equity financing (the “PIPE Financing”) to provide for an additional investment of approximately $1,500,000, before deducting offering fees and expenses. As previously reported by the Company, on August 8, 2025 the Company entered
About this update from Digital Brands Group, Inc.
[{"type":"image","alt":"Digital Brands Group, Inc.","displaySize":"","headline":null,"caption":"Digital Brands Group, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/b69f21f4cf65a0541cc83accdbafda83"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Z6ndjDHSf11MwrFBVtq1cQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b69f21f4cf65a0541cc83accdbafda83","width":300,"height":300}},"lazy":false},{"type":"text","content":"Austin, TX, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (NASDAQ: DBGI) (“DBG” or the “Company”), a publicly traded company specializing in eCommerce and Fashion, today announced that it has amended its previously reported private investment in public equity financing (the “PIPE Financing”) to provide for an additional investment of approximately $1,500,000, before deducting offering fees and expenses.","length":422,"tagName":"p"},{"type":"text","content":"As previously reported by the Company, on August 8, 2025 the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) in connection with the PIPE Financing providing for the sale and issuance of up to 14,031.25 shares of its Series D Convertible Preferred Stock (the “Series D Preferred Stock”) to accredited investors (the “Initial Investors”), which shares are convertible into shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), subject to beneficial ownership limitations set by the Investors, at a conversion price equal to 80% of the lowest closing price of the Common Stock for each of the five trading days immediately prior to such conversion. The initial closing under the Purchase Agreement occurred on August 13, 2025 (the “Initial Closing”).","length":813,"tagName":"p"},{"type":"text","content":"On September 23, 2025, the Company and the Initial Investors in the PIPE Financing agreed to amend the Purchase Agreement (the “Amendment”) to provide for, among other things, the Company’s sale and issuance of an additional 1,875shares of Series D Preferred Stock (the “Additional Series D Shares”) in the PIPE Financing to an additional accredited investor (the “Additional Investor” and together with the Initial Investors, the “PIPE Investors”). The aggregate cash purchase p...