Digital Brands Group ( (DBGI) ) has shared an announcement.
On April 1, 2025, Digital Brands Group, Inc. entered into an Asset Purchase Agreement with Open Daily Technologies Inc., acquiring certain intellectual property assets, including patent applications, trademarks, and software products, in exchange for 344,827 shares of common stock. This acquisition, completed on April 2, 2025, aligns with Digital Brands Group’s strategy to enhance digital retail innovation by integrating Open Daily’s virtual shopping solutions, which are designed to improve consumer engagement and optimize online shopping experiences.
More about Digital Brands Group
Digital Brands Group, Inc. is a publicly traded company specializing in eCommerce and fashion, offering a wide variety of apparel through numerous brands on a direct-to-consumer and wholesale basis. The company focuses on leveraging customer data and purchase history to create personalized content and looks, aiming to own the customer’s ‘closet share.’
YTD Price Performance: 458.82%
Average Trading Volume: 75,019
Technical Sentiment Signal: Strong Buy
Current Market Cap: $35.49M
For a thorough assessment of DBGI stock, go to TipRanks’ Stock Analysis page.