Digital Brands Group, Inc. (NASDAQ: DBGI) entered into a $100 million equity line of credit with an institutional investor, providing the Company with the ability to sell shares of its common stock from time to time, subject to the terms and conditions of the equity purchase agreement. The facility is intended to provide the Company with additional financial flexibility to support its strategic initiatives and general corporate purposes. Aegis Capital Corp. acted as the sole placement agent in connection with the facility on a best-efforts basis.
Lucosky Brookman LLP served as counsel to Digital Brands Group, Inc. in connection with the transaction.
