TSLA
Tesla
-- 425.360 NVDA
NVIDIA
-- 137.277 PLTR
Palantir
-- 74.050 AMD
Advanced Micro Devices
-- 130.100 GOOG
Alphabet-C
-- 195.935 
NEWS
Digital Brands Announces 1-for-50 Reverse Stock Split
Wednesday, 11th December at 9:00 am
Austin, TX, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces that it will effectuate a 1-for-50 reverse split (the "Reverse Split") of its common stock that will become effective on December 13, 2024. The Company expects that the reverse stock split will allow the Company to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq Capital Market.
DBG's common stock will continue to trade on Nasdaq under the symbol "DBGI" and will begin trading on a split-adjusted basis when the market opens on December 13, 2024. The new CUSIP number for the common stock following the Reverse Split will be 25401N507.
"This reverse stock split is a strategic step towards regaining compliance with Nasdaq's listing requirements," stated Hil Davis, Chief Executive Officer of Digital Brands Group.
Wednesday, 11th December at 9:00 am
Austin, TX, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ("DBG") (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces that it will effectuate a 1-for-50 reverse split (the "Reverse Split") of its common stock that will become effective on December 13, 2024. The Company expects that the reverse stock split will allow the Company to regain compliance with the $1.00 minimum bid price requirement of the Nasdaq Capital Market.
DBG's common stock will continue to trade on Nasdaq under the symbol "DBGI" and will begin trading on a split-adjusted basis when the market opens on December 13, 2024. The new CUSIP number for the common stock following the Reverse Split will be 25401N507.
"This reverse stock split is a strategic step towards regaining compliance with Nasdaq's listing requirements," stated Hil Davis, Chief Executive Officer of Digital Brands Group.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment