Digital Brands Group Submits an Application to Uplist to a National Securities Exchange聽
Digital Brands Group (DBGI) has submitted an application to uplist its common stock from OTC Pink to a national securities exchange. The company recently closed a $7.5 million capital raise to strengthen its balance sheet. CEO Hil Davis announced plans to invest in growth initiatives including Tik Tok Live, digital marketing, and influencer partnerships.
The uplisting is subject to exchange approval and meeting all listing requirements. DBGI will continue trading on OTC Pink under the symbol DBGI pending any uplisting decision. The company operates as a curated collection of luxury lifestyle, digital-first brands, focusing on both direct-to-consumer and wholesale business models. Their strategy involves leveraging customer data and purchase history to create personalized targeted content.
Digital Brands Group (DBGI) ha presentato una richiesta per il passaggio della sua azione comune da OTC Pink a una borsa valori nazionale. Recentemente, l'azienda ha concluso un raccoglimento di capitali di 7,5 milioni di dollari per rafforzare il proprio bilancio. Il CEO Hil Davis ha annunciato piani per investire in iniziative di crescita, inclusi Tik Tok Live, marketing digitale e partnership con influencer.
Il passaggio 猫 soggetto all'approvazione della borsa e al rispetto di tutti i requisiti di quotazione. DBGI continuer脿 a essere scambiata su OTC Pink con il simbolo DBGI in attesa di una decisione sul passaggio. L'azienda opera come una collezione curata di marchi di lusso incentrati sul digitale, focalizzandosi sia sul modello diretto al consumatore che su quello all'ingrosso. La loro strategia prevede di sfruttare i dati dei clienti e la cronologia degli acquisti per creare contenuti mirati e personalizzati.
Digital Brands Group (DBGI) ha presentado una solicitud para elevar su acci贸n com煤n de OTC Pink a una bolsa de valores nacional. Recientemente, la empresa cerr贸 una recaudaci贸n de capital de 7,5 millones de d贸lares para fortalecer su balance. El CEO Hil Davis anunci贸 planes para invertir en iniciativas de crecimiento, incluyendo Tik Tok Live, marketing digital y asociaciones con influencers.
La elevaci贸n est谩 sujeta a la aprobaci贸n de la bolsa y al cumplimiento de todos los requisitos de listado. DBGI continuar谩 negociando en OTC Pink bajo el s铆mbolo DBGI mientras espera una decisi贸n sobre la elevaci贸n. La empresa opera como una colecci贸n curada de marcas de lujo orientadas al digital, enfoc谩ndose tanto en modelos de negocio directos al consumidor como al por mayor. Su estrategia implica aprovechar los datos de los clientes y el historial de compras para crear contenido personalizado y dirigido.
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Digital Brands Group (DBGI) a soumis une demande pour faire passer son action ordinaire d'OTC Pink 脿 une bourse nationale. R茅cemment, l'entreprise a cl么tur茅 une augmentation de capital de 7,5 millions de dollars pour renforcer son bilan. Le PDG Hil Davis a annonc茅 des projets d'investissement dans des initiatives de croissance, y compris Tik Tok Live, le marketing num茅rique et les partenariats avec des influenceurs.
La cotation est soumise 脿 l'approbation de la bourse et au respect de toutes les exigences de cotation. DBGI continuera 脿 锚tre n茅goci茅e sur OTC Pink sous le symbole DBGI en attendant une d茅cision de cotation. L'entreprise fonctionne comme une collection soigneusement s茅lectionn茅e de marques de luxe ax茅es sur le num茅rique, se concentrant 脿 la fois sur les mod猫les commerciaux de vente directe aux consommateurs et de gros. Leur strat茅gie consiste 脿 exploiter les donn茅es clients et l'historique des achats pour cr茅er un contenu cibl茅 et personnalis茅.
Digital Brands Group (DBGI) hat einen Antrag gestellt, um ihre Stammaktien von OTC Pink an eine nationale Wertpapierb枚rse zu listen. Das Unternehmen hat k眉rzlich eine Kapitalerh枚hung von 7,5 Millionen US-Dollar abgeschlossen, um seine Bilanz zu st盲rken. CEO Hil Davis k眉ndigte Pl盲ne an, in Wachstumsinitiativen zu investieren, darunter Tik Tok Live, digitales Marketing und Partnerschaften mit Influencern.
Die Listung unterliegt der Genehmigung der B枚rse und der Erf眉llung aller Listing-Anforderungen. DBGI wird weiterhin unter dem Symbol DBGI an OTC Pink gehandelt, bis eine Entscheidung 眉ber die Listung getroffen wird. Das Unternehmen agiert als kuratierte Sammlung von Luxus-Lifestyle-Marken, die digital ausgerichtet sind und sowohl auf Direktvertrieb als auch auf Gro脽handelsgesch盲ftsmodelle fokussiert sind. Ihre Strategie besteht darin, Kundendaten und Kaufhistorien zu nutzen, um personalisierte, zielgerichtete Inhalte zu erstellen.
- Secured $7.5 million in new capital funding
- Potential uplisting to national securities exchange
- Strategic investment planned in digital marketing and influencer partnerships
- Uplisting approval not guaranteed
- Multiple operational risks disclosed including market competition and margin pressure
- Significant indebtedness and financing needs mentioned
Austin, TX, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (鈥淒igital Brands Group鈥�) (OTC Pink: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today that it has submitted an application to list its common stock on a national securities exchange.
"We believe that an uplisting to a national securities exchange is the next logical step in our growth journey," stated聽Hil Davis, CEO of Digital Brands Group. "Yesterday we closed a
The successful listing of Digital Brands Group鈥檚 common shares is subject to the approval of the listing application by the national securities exchange and the satisfaction of all applicable listing criteria and requirements. No assurance can be given that Digital Brands Group鈥檚 listing application will be approved or that such listing will be completed. We believe that Digital Brands Group鈥檚 common stock will continue to be quoted on the OTC Pink under its current symbol DBGI pending any uplisting.
Forward-looking Statements
Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting Digital Brands Group and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as 鈥渨ill,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渟hould,鈥� and 鈥渕ay鈥� and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding Digital Brands Group鈥檚 plans, objectives, projections and expectations relating to Digital Brands Group鈥檚 operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Digital Brands Group undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of Digital Brands Group to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to Digital Brands Groups distribution system; the financial strength of Digital Brands Group鈥檚 customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; Digital Brands Group鈥檚 response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; Digital Brands Group鈥檚 ability to implement its business strategy; Digital Brands Group鈥檚 ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; Digital Brands Group鈥檚 and its vendors鈥� ability to maintain the strength and security of information technology systems; the risk that Digital Brands Group鈥檚 facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; Digital Brands Group鈥檚 ability to properly collect, use, manage and secure consumer and employee data; stability of Digital Brands Group鈥檚 manufacturing facilities and foreign suppliers; continued use by Digital Brands Group鈥檚 suppliers of ethical business practices; Digital Brands Group鈥檚 ability to accurately forecast demand for products; continuity of members of Digital Brands Group鈥檚 management; Digital Brands Group鈥檚 ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; Digital Brands Group鈥檚 ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; Digital Brands Group's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent Digital Brands Group from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect Digital Brands Group鈥檚 financial results is included from time to time in its public reports filed with the Securities and Exchange Commission, including Annual Reports on Form 10-K, and Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
About Digital Brands Group
We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.
Digital Brands Group, Inc. Company Contact
Hil Davis, CEO
贰尘补颈濒:听
Phone: (800) 593-1047
SOURCE Digital Brands Group, Inc.
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FAQ
What is the status of DBGI's application to uplist from OTC Pink?
How much capital did DBGI raise in February 2025?
What growth initiatives will DBGI invest in with the new capital?
Will DBGI continue trading on OTC Pink during the uplisting process?
What is DBGI's business model?
