Maximus Decimus Meridius - leading the army of the north
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hope yall got and flipped some of those bglc cheapies!!! :D
smart move by hong. he knows the crash is coming so he secures the cash to keep kickn arse!
great news! iam buyer at 2.55
whats the value here?
Added at .72
when tien 😁
mm i like bbig @ .73
15k on the BID
SEC Form S-1/A filed by Digital Brands Group Inc. (Amendment)
Digital Brands Group, Inc.
???????? ?? Shares of Common Stock and/or
???????? ?? Pre-funded Warrants to Purchase Shares of Common Stock
We are offering to raise up to $5,000,000 on a “best efforts” basis from the sale of shares of our common stock, par value $0.0001 per share, at an assumed public offering price of $?????? per share pursuant to this prospectus.
We are also offering to certain purchasers whose purchase of shares of common stock in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock immediately following the consummation of this offering, the opportunity to purchase, if any such purchaser so chooses, pre-funded warrants, in lieu of shares of common stock that would otherwise result in such purchaser’s beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock. The purchase price of each pre-funded warrant will be equal to the price at which a share of common stock is sold to the public in this offering, minus $0.0001, and the exercise price of each pre-funded warrant will be $0.0001 per share. Each pre-funded warrant will be exercisable for one share of common stock. The pre-funded warrants will be immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full. The shares of common stock and pre-funded warrants can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. For each pre-funded warrant we sell, the number of shares of Common Stock we sell in this offering will be decreased on a one-for-one basis.
We have engaged Spartan Capital Securities LLC (the “Placement Agent”) as our exclusive Placement Agent to use its reasonable “best efforts” to solicit offers to purchase our securities in this offering during an offering period of seven days, subject to an extension of up to an additional seven days (the “Offering Period”).The Placement Agent is not purchasing or selling any of the securities we are offering and is not required to arrange for the purchase or sale of any specific number or dollar amount of the securities. Because there is no minimum offering amount required as a condition to closing in this offering, the actual public amount, Placement Agent’s fees and proceeds to us, if any, are not presently determinable and may be substantially less than the total maximum offering amounts throughout this prospectus. We have agreed to pay the Placement Agent the certain fees set forth in the table below and to provide certain other compensation to the Placement Agent. See “Plan of Distribution” for more information regarding these arrangements. Neither we nor the placement agent have made any arrangements to place investor funds in an escrow account or trust account since the placement agent will not receive investor funds in connection with the sale of the securities offered hereunder.
We are also seeking to register the issuance of warrants to purchase shares of common stock to the Placement Agent as a portion of the compensation payable in connection with this offering, as well as shares of common stock issuable upon exercise of the Placement Agent warrants at an exercise price of $?????? per share (125% of public offering price). See “Use of Proceeds” for information about how we will use the proceeds of this offering.
There is no established public trading market for the pre-funded warrants. We do not intend to apply for the listing of the pre-funded warrants on The Nasdaq Capital Market (“Nasdaq CM”) or any other national securities exchange and we do not expect a market to develop for the pre-funded warrants. Without an active trading market, the liquidity of these warrants will be limited. In addition, we do not intend to list the pre- funded warrants on Nasdaq CM, any other national securities exchange or any other trading system. Our shares of common stock are traded on the NasdaqCM under the symbols “DBGI”. On July 31, 2023, the closing sale price of our common stock was $0.5710 per share.
The final public offering price per share will be determined through a negotiation between us and the Placement Agent and will take into account the recent market price of our common stock, the general condition of the securities market at the time of the offering, the history of, and the prospects for, the industry in which we compete, and our past and present operations and our prospects for future revenues. The final offering price for the securities may be at a discount to the trading price of our common stock on the NasdaqCM. This price will fluctuate based on the demand for our common stock. The assumed public offering price used throughout this prospectus may not be indicative of the actual final offering price.
Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 8 of this prospectus.
On May 23, 2023, the Company received a letter (the “Letter”) from the Listing Qualifications Staff (the “Staff”) of Nasdaq notifying the Company that the Staff has determined to delist the Company’s common stock from Nasdaq based on the Company’s failure to comply with the listing requirements of Nasdaq Rule 5550(b)(1) as a result of the
SEC Form S-1/A filed by Digital Brands Group Inc. (Amendment)
Digital Brands Group, Inc.
???????? ?? Shares of Common Stock and/or
???????? ?? Pre-funded Warrants to Purchase Shares of Common Stock
We are offering to raise up to $5,000,000 on a “best efforts” basis from the sale of shares of our common stock, par value $0.0001 per share, at an assumed public offering price of $?????? per share pursuant to this prospectus.
We are also offering to certain purchasers whose purchase of shares of common stock in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock immediately following the consummation of this offering, the opportunity to purchase, if any such purchaser so chooses, pre-funded warrants, in lieu of shares of common stock that would otherwise result in such purchaser’s beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock. The purchase price of each pre-funded warrant will be equal to the price at which a share of common stock is sold to the public in this offering, minus $0.0001, and the exercise price of each pre-funded warrant will be $0.0001 per share. Each pre-funded warrant will be exercisable for one share of common stock. The pre-funded warrants will be immediately exercisable and may be exercised at any time until all of the pre-funded warrants are exercised in full. The shares of common stock and pre-funded warrants can only be purchased together in this offering but will be issued separately and will be immediately separable upon issuance. For each pre-funded warrant we sell, the number of shares of Common Stock we sell in this offering will be decreased on a one-for-one basis.
We have engaged Spartan Capital Securities LLC (the “Placement Agent”) as our exclusive Placement Agent to use its reasonable “best efforts” to solicit offers to purchase our securities in this offering during an offering period of seven days, subject to an extension of up to an additional seven days (the “Offering Period”).The Placement Agent is not purchasing or selling any of the securities we are offering and is not required to arrange for the purchase or sale of any specific number or dollar amount of the securities. Because there is no minimum offering amount required as a condition to closing in this offering, the actual public amount, Placement Agent’s fees and proceeds to us, if any, are not presently determinable and may be substantially less than the total maximum offering amounts throughout this prospectus. We have agreed to pay the Placement Agent the certain fees set forth in the table below and to provide certain other compensation to the Placement Agent. See “Plan of Distribution” for more information regarding these arrangements. Neither we nor the placement agent have made any arrangements to place investor funds in an escrow account or trust account since the placement agent will not receive investor funds in connection with the sale of the securities offered hereunder.
We are also seeking to register the issuance of warrants to purchase shares of common stock to the Placement Agent as a portion of the compensation payable in connection with this offering, as well as shares of common stock issuable upon exercise of the Placement Agent warrants at an exercise price of $?????? per share (125% of public offering price). See “Use of Proceeds” for information about how we will use the proceeds of this offering.
There is no established public trading market for the pre-funded warrants. We do not intend to apply for the listing of the pre-funded warrants on The Nasdaq Capital Market (“Nasdaq CM”) or any other national securities exchange and we do not expect a market to develop for the pre-funded warrants. Without an active trading market, the liquidity of these warrants will be limited. In addition, we do not intend to list the pre- funded warrants on Nasdaq CM, any other national securities exchange or any other trading system. Our shares of common stock are traded on the NasdaqCM under the symbols “DBGI”. On July 31, 2023, the closing sale price of our common stock was $0.5710 per share.
The final public offering price per share will be determined through a negotiation between us and the Placement Agent and will take into account the recent market price of our common stock, the general condition of the securities market at the time of the offering, the history of, and the prospects for, the industry in which we compete, and our past and present operations and our prospects for future revenues. The final offering price for the securities may be at a discount to the trading price of our common stock on the NasdaqCM. This price will fluctuate based on the demand for our common stock. The assumed public offering price used throughout this prospectus may not be indicative of the actual final offering price.
Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 8 of this prospectus.
On May 23, 2023, the Company received a letter (the “Letter”) from the Listing Qualifications Staff (the “Staff”) of Nasdaq notifying the Company that the Staff has determined to delist the Company’s common stock from Nasdaq based on the Company’s failure to comply with the listing requirements of Nasdaq Rule 5550(b)(1) as a result of the
someones chipping away at the block today
hmmm wonder how they plan on financing this purchase.
more than likely someone with deep pockets is anticipating a crash in the markets. IMO
im a buyer at 2.90 - 3.000 range
this should test 1.78
looking gooooood $GLG
Old news???
We shall see.
Amen ... wishful thinking
yes lawwwd!! $BGLC
added for the 2 dolla bounce play
going upppppppp
axtg 🤑
Market Cap Market Cap
3,399,944,191
Lol
i see why they call you the gambler. LMAO
This proxy statement is being furnished by Digital Brands Group Inc., a Delaware corporation (the “Company”), in connection with the Special Meeting of stockholders to be held on August 11, 2023, at 9:30 a.m. (Eastern Daylight Time), at the executive offices of the Company located at 1400 Lavaca Street, Austin, TX 78701 (the “Special Meeting”). We anticipate that this proxy statement and the form of proxy relating to our Special Meeting will be mailed to our stockholders commencing on or about June 20, 2023.
The purpose of the Special Meeting is to seek stockholder approval of the following Proposals:
1.
Proposal No.1: To approve the amendment of the Company’s Sixth Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between 1-for-2.5 to 1-for-50, as determined by the Company’s Board of Directors (the “Reverse Stock Split Proposal”); and
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2.
Proposal No.2: The postponement or adjournment of the Special Meeting from time to time, to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt Proposal No. 1 or establish a quorum (the “Adjournment Proposal”).
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Internet Availability of Proxy Materials
Pursuant to rules adopted by the Securities and Exchange Commission (“SEC”), we are providing access to our proxy materials over the Internet. This proxy statement is also available at https://ir.digitalbrandsgroup.co/sec-filings.
Solicitation of Proxies
Our board of directors (“Board”) is soliciting the enclosed proxy. We will bear the cost of this solicitation of proxies. Solicitations will be made by mail. We have retained Kingsdale Advisors to assist in the solicitation of proxies for a fee of $12,000, plus reimbursement of related expenses. In addition to solicitation by mail and by Kingsdale Advisors, our directors, officers and employees may solicit proxies on behalf of the Company, without additional compensation, by telephone, facsimile, mail, on the Internet or in person. We may reimburse banks, brokerage firms, other custodians, nominees, and fiduciaries for reasonable expenses incurred in sending proxy materials to beneficial owners of our stock.
How to participate in and vote at the meeting
Registered stockholders and duly appointed proxyholders may connect to the audiocast meeting by dialing one of the telephone numbers below where you can participate and vote during the meeting live audiocast:
Participant Dial-In Numbers: 866-605-1828 or 201-389-0846
If you are a stockholder who owns shares through a broker and you intend to vote at the Special Meeting, you must obtain a legal proxy from the bank, broker or other holder of record of your shares to be entitled to vote those shares virtually at the Special Meeting.
You will not be able to attend the Special Meeting physically. The audiocast provides our stockholders rights and opportunities equivalent to an in-person meeting of stockholders. If you encounter any technical difficulties with the virtual meeting platform on the meeting day, please call Event Tech Support: 201-689-7835 or 877-407-0626.
the majority note holder is related to the CEO. this stock is dead money
damn. woulda coulda shoulda!
which broker should i use to buy on the expert market? any suggestions?
buy the dip flip the chip
mmm hmm im adding i just cant help myself down here.
who is buying?
Dead money
Waiting on the price of lithium to rebound????
Totally agree but as the ceo he is supposed to be executing accordingly so as to prevent the yield sign from even popping up imo
indeed was hoping it would touch .0131