Digital Brands Issues 2.37M Warrant Shares, Gains $1.54M and Extends Exercise
Digital Brands Group secured $1.54M by exercise of 2.37M common share purchase warrants at $0.66 per share and issued new warrants for 2.41M shares exercisable through June 17, 2026. The company will file Form S-3 registration by Feb. 27 to cover shares issuable under the new warrants.
1. Warrant Exercise and Proceeds
Holders exercised 2,365,968 existing warrants at $0.66 per share, generating approximately $1.54 million in proceeds for Digital Brands Group.
2. New Warrants Terms
Digital Brands Group issued new common share purchase warrants enabling holders to purchase up to 2,408,508 shares at $0.66 per share, with an extended exercise period through June 17, 2026.
3. Registration Filing
The company will file a Form S-3 registration statement by February 27, 2026 to register shares issuable under the new warrants for resale.