**Digital Brands Group, Inc. Completes Reverse Stock Split**

Digital Brands Group, Inc. (NASDAQ: DBGI) finalized a crucial corporate decision regarding its stock structure. In an 8-K filing dated December 13, 2024, the company disclosed that it had executed a reverse stock split following approval from its stockholders.

The virtual 2024 annual meeting of stockholders, held on December 2, 2024, greenlit an amendment to Digital Brands Group’s amended and restated certificate of incorporation. This amendment paved the way for a reverse stock split of the company’s common stock, with the ratio set at 1-for-50, as determined by the Board of Directors.

Subsequently, on December 9, 2024, Digital Brands Group filed a certificate of amendment with the Secretary of State of Delaware to enact the approved reverse stock split. This adjustment became effective at 5:00 PM ET on December 12, 2024. Following the completion of the reverse stock split, the company reported 817,872 shares of common stock outstanding as of December 13, 2024.

The 8-K filing also detailed that a Certificate of Amendment dated December 9, 2024, and a Cover Page Interactive Data File were submitted as exhibits.

Digital Brands Group, Inc., based in Austin, Texas, is listed on The Nasdaq Stock Market LLC under the trading symbols DBGI for common stock and DBGIW for warrants exercisable to purchase one share of common stock.

For further details and complete information regarding the reverse stock split, the Amendment filed, and any related financial statements, interested parties are encouraged to refer to the full text of the 8-K filing on the Securities and Exchange Commission’s website.

This news comes as part of Digital Brands Group, Inc.’s ongoing efforts to optimize its corporate structure and enhance shareholder value.

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*Disclosure: The news article above is based on an 8-K SEC filing by Digital Brands Group, Inc., and all information provided is accurate as per the filing.*

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Digital Brands Group’s 8K filing here.

About Digital Brands Group

Digital Brands Group, Inc engages in the provision of apparel products under various brands on direct-to-consumer and wholesale basis. It operates through DSTLD, Bailey, H&J, Stateside, and Sundry segments. The company designs, manufactures, and sells women's apparel, such as tops, sweaters, dresses, jumpsuits, bottoms, sets, jackets, rompers, suiting, sportswear, shirts, jackets, pants, shorts, polos, T-shirts, skirts, athleisure bottoms, denims, and other accessory products, as well as suiting for men.