Digital Brands Group (DBGI) has issued an announcement.
A company has announced a strategic move to enhance liquidity by allowing the immediate cash exercise of warrants for over a million shares at a discounted price of $3.13 each, with an expected completion date around May 7, 2024. Participants in this transaction will receive new Series A-1 and B-1 warrants priced at $2.88 per share, which are exercisable for different periods extending up to five and a half years. This financial maneuver is designed to strengthen the company’s capital structure and offer investors an attractive opportunity to increase their stake in the company’s future.
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