Replies to post #991 on Digital Brands Group Inc (DBGI)

[KeepItRealistic]

Offering (debt exchange) was needed for compliance and is restricted in how it can be sold

#DBGI converted $5.7M of Sundry debt into preferred equity that can can’t sell for 90 days and limited to monthly $ selling restrictions so will take 6 to 9 months to sell through

— Hil Davis (@Hil_Davis) June 28, 2023

#DBGI, in short, a $10.7M true up liability was waived at no cost and adds $10.7M to Shareholder equity at no cost to shareholders

— Hil Davis (@Hil_Davis) June 28, 2023