Digital Brands Group, Inc. (NASDAQ: DBGI), a curated collection of lifestyle brands, announced that it has entered into an at-the-market issuance sales agreement providing for the offer and sale of shares of its common stock with an aggregate offering price of up to $100.0 million, subject to customary conditions.
Pursuant to the sales agreement, Digital Brands may offer and sell shares of its common stock from time to time through Aegis Capital Corp., acting as sales agent or principal.
Net proceeds from the offering are expected to be used for working capital and general corporate purposes, including potential acquisitions or investments in complementary businesses, products, or technologies.
Aegis Capital Corp. is acting as sales agent for the offering. Lucosky Brookman LLP served as counsel to Digital Brands Group, Inc. in connection with the transaction.
