DBG

DBG Announces Closing of $5.0 Million Private Placement Priced At-The-Market under Nasdaq Rules

Retrieved on: 
Friday, January 13, 2023
The Act, Security (finance), Regulation D, Collection, Sale, The Company, DBG

The warrants are exercisable immediately upon issuance, have a term of five years and an exercise price of $3.80 per share.

Key Points: 
  • The warrants are exercisable immediately upon issuance, have a term of five years and an exercise price of $3.80 per share.
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds from the offering were approximately $5.0 million, before deducting the placement agent's fees and other offering expenses payable by DBG.
  • The Company intends to use the net proceeds from this offering for working capital purposes.

DBG Announces $5.0 Million Private Placement Priced At-The-Market under Nasdaq Rules

Retrieved on: 
Thursday, January 12, 2023
The Act, Security (finance), Regulation D, Collection, Sale, The Company, DBG

The warrants are exercisable immediately upon issuance, have a term of five years and an exercise price of $3.80 per share.

Key Points: 
  • The warrants are exercisable immediately upon issuance, have a term of five years and an exercise price of $3.80 per share.
  • The private placement is expected to close on or about January 13, 2023, subject to the satisfaction of customary closing conditions.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
  • The gross proceeds from the offering are expected to be approximately $5.0 million, before deducting the placement agent's fees and other offering expenses payable by DBG.

DBGI Completes Acquisition of Sundry

Retrieved on: 
Friday, December 30, 2022
Customer lifetime value, 100,000, Climate change, Annual report, Consumer, Intellectual property, Disease, Digital, LTV, COVID-19, Risk, Weather, Coronavirus, DBG, Grammar school, Collection, Pressure, Vii, Acquisition, Retail, Sundries

AUSTIN, Texas, Dec. 30, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has completed its previously announced acquisition of Sundry.

Key Points: 
  • AUSTIN, Texas, Dec. 30, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company")  (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, today announces that it has completed its previously announced acquisition of Sundry.
  • "The Sundry acquisition is expected to contribute significant revenue scale and operating leverage," said Hil Davis, Chief Executive Officer of DBG.
  • "We believe adding Sundry to our Bailey Shop, which is our multi-brand e-commerce site ( www.bailey44.com ) will contribute revenue immediately.
  • Additionally, we are also excited about the large opportunity to expand the Sundry brand into other verticals.

DBGI Experiences 436% Increase in Revenue over the Black Friday/Cyber Monday Promotion Period

Retrieved on: 
Wednesday, December 7, 2022
Vii, Coronavirus, DBG, Grammar school, Intellectual property, Weather, Collection, Consumer, Annual report, Digital, Disease, Customer lifetime value, COVID-19, LTV, Climate change, Pressure, Acquisition, Retail

The site (www.bailey44.com) offers products across DBG's women's brands --Bailey 44, Stateside, and dstld – providing our customers a single destination through which they can purchase our women's products, rather than having to shop each brand's dedicated websites separately.

Key Points: 
  • Hil Davis, DBG's Chief Executive Officer, stated "We continue to see how this multi-brand website is driving new and repeat customers who are buying products across all our brands.
  • We believe this could also work in different formats, such as retail stores and catalogs.
  • We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.
  • Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties.

DBGI Expects Closing of Sundry Acquisition In Next Two Weeks

Retrieved on: 
Friday, December 2, 2022
100,000, Coronavirus, Collection, COVID-19, Pressure, LTV, DBG, Digital, Intellectual property, Weather, Climate change, Grammar school, Annual report, Consumer, Xi, Disease, Acquisition, Risk, Failure, Customer lifetime value, Retail, Sundries

"The Sundry acquisition is expected to contribute significant revenue scale and operating leverage," said Hil Davis, Chief Executive Officer of DBG.

Key Points: 
  • "The Sundry acquisition is expected to contribute significant revenue scale and operating leverage," said Hil Davis, Chief Executive Officer of DBG.
  • "We believe adding Sundry to our Bailey Shop, which is our multi-brand e-commerce site( www.bailey44.com )will contribute revenueimmediately.
  • We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.
  • Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws, including statements regarding the acquisition and the ability to meet the closing conditions required to complete the acquisition.

NTT Research and Harvard Collaborate on Cardiovascular Bio Digital Twin

Retrieved on: 
Wednesday, November 16, 2022
Research, Technology, Health Technology, Cardiology, Biotechnology, University, Health, Science, Education, Artificial Intelligence, Cell, Sekisui Chemical, Physics, Disease, CV, DBG, Medicine, Technical University of Munich, Name, Institute of technology, Comenius University Faculty of Mathematics, Physics and Informatics, Research, IPS, Photonics, Cryptography, MEI, University, Neuroscience, Hope, PHI, Silicon, TUM, Electrode, Ireland national cerebral palsy football team, Munich School, Kyoto University, Nippon Telegraph and Telephone, Harvard John A. Paulson School of Engineering and Applied Sciences, Applied science, Bachelor of Engineering, MS, Physiology, Therapy, NCVC, CIS, NTT, SEAS, Information, Tissue, Harvard University, Organization, Electrophysiology, Heart, BS, Medical device, Mobile phone, Chemistry, Engineering, Informatics

NTT Research scientists will work with the Disease Biophysics Group (DBG) at SEAS to engineer a model of the human heart, elucidate fundamental laws of muscular pumps, and apply lessons learned to a cardiovascular (CV) bio digital twin model.

Key Points: 
  • NTT Research scientists will work with the Disease Biophysics Group (DBG) at SEAS to engineer a model of the human heart, elucidate fundamental laws of muscular pumps, and apply lessons learned to a cardiovascular (CV) bio digital twin model.
  • His groups long-term goal of engineering a living, functional heart maps well with our CV bio digital twin initiative.
  • I am honored to be joining the MEI Lab team at NTT Research while continuing complementary work at Harvard, Mr. Ishii said.
  • NTT Research is part of NTT, a global technology and business solutions provider with an annual R&D budget of $3.6 billion.

Digital Brands Group Reports Third Quarter 2022 Financial Results with a 58% Increase in Revenues

Retrieved on: 
Monday, November 14, 2022
Intellectual property, Grammar school, SEC, Climate change, Sundries, Collection, Consumer, Forward-looking statement, Coronavirus, Industry, Company, DBG, Weather, Marketing, Annual report, Webcast, COVID-19, NASDAQ, Pressure, Risk, Disease, Video game, Bank, Bailey

AUSTIN, Texas, Nov. 14, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI),a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2022.

Key Points: 
  • AUSTIN, Texas, Nov. 14, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI),a curated collection of luxury lifestyle, digital-first brands, today reported financial results for its third quarter ended September 30, 2022.
  • "Additionally, we launched the Bailey shop in October, which is a single e-commerce destination that features all our brands.
  • Net Sales were $3.4 million versus $2.2 million in the year ago quarter, an increase of 58.3% year over year.
  • We slowed our digital advertising spend in the third quarter in advance of our Bailey Shop rollout in October.

DBGI Launches Multi-Brand Website, Experiences 462% Increase in E-commerce Revenue

Retrieved on: 
Monday, October 31, 2022
Acquisition, Collection, DBG, Pressure, Annual report, Intellectual property, 100,000, Climate change, Xi, Coronavirus, Adoption, Weather, Failure, Digital, Sale, Consumer, Forward-looking statement, SEC, Industry, Risk, Company, Disease, LTV, Grammar school, NASDAQ, Customer lifetime value, Communication, COVID-19, Retail, Online shopping, Sales, Security (finance), Sundries

The site (www.bailey44.com) offers products across DBG's women's brands --Bailey 44, Stateside, and dstld – providing our customers a single destination through which they can purchase our women's products, rather than having to shop each brand's dedicated websites separately.

Key Points: 
  • We are extremely excited to see that customers were building outfits and styles using products from multiple brands in their orders.
  • Dowling added, "By focusing our advertising dollars on the new multi-brand site and slowing spend on the dedicated brand websites, we've been able to reduce our total advertising spend.
  • This allows us to drive higher return on our advertising dollars while increasing both our revenues and customer lifetime value."
  • We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.

DBGI Announces 1-for-100 Reverse Stock Split Effective November 4, 2022

Retrieved on: 
Wednesday, October 26, 2022
Pressure, U.S. Securities and Exchange Commission, Communication, Disease, Risk, Investor relations, SEC, Sale, DBG, Xi, Annual report, NASDAQ, Customer lifetime value, Consumer, Security (finance), Collection, Coronavirus, Company, Grammar school, Acquisition, Industry, 100,000, Special-purpose acquisition company, Weather, Climate change, Digital branding, Intellectual property, Nasdaq, Forward-looking statement, Digital, Common stock, COVID-19, LTV, Sundries

AUSTIN, Texas, Oct. 26, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today, pursuant to the vote of its shareholders on October 13, 2022, a 1-for-100 (1:100) reverse split of its Common Stock.

Key Points: 
  • AUSTIN, Texas, Oct. 26, 2022 /PRNewswire/ -- Digital Brands Group, Inc. ("we", "us", "DBG"or the "Company") (NASDAQ: DBGI), a curated collection of luxury lifestyle, digital-first brands, announced today, pursuant to the vote of its shareholders on October 13, 2022, a 1-for-100 (1:100) reverse split of its Common Stock.
  • Beginning on November 4, 2022, the Company's stock will trade on the Nasdaq Capital Market on a split adjusted basis.
  • Additional information about the reverse stock split can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission on September 14, 2022, a copy of which is also available on the Company's Investor Relations page.
  • About Digital Brands GroupWe offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.

DBGI Finalizes New Agreement for $20M revenue Sundry Acquisition Scheduled to Close in November

Retrieved on: 
Thursday, October 13, 2022
Adoption, Pressure, U.S. Securities and Exchange Commission, Sunnyside, Communication, Disease, Risk, SEC, Sale, DBG, Xi, LLC, Annual report, NASDAQ, Customer lifetime value, Consumer, Security (finance), Collection, Coronavirus, Acquisition, Company, Grammar school, 8-K, Industry, Ix, 100,000, EBITDA, Climate change, Intellectual property, Forward-looking statement, Digital, Failure, COVID-19, Sumathi Best Television Current Reporting Award, Weather, LTV, Nasdaq, Sundries

Sundry generated $22.8 million in revenue in 2021; and

Key Points: 
  • Sundry generated $22.8 million in revenue in 2021; and
    The acquisition is expected to be accretive to EBITDA immediately upon completion.
  • "We are excited about the significant revenue scale and positive cash flow that we will achieve between combining with the Sundry's acquisition," said Hil Davis, Chief Executive Officer of DBG.
  • Please refer to the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission to review the details and specifics of the acquisition agreement.
  • We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis.