Digital Brands Group Implements Reverse Stock Split
Digital Brands Group, Inc. announced a 1-for-50 reverse stock split of its common stock, effective December 13, 2024, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. This strategic move is expected to impact the trading of the company’s stock, as it continues to trade under the symbol ‘DBGI’ with a new CUSIP number.