Digital Brands Group Inc - DBGI STOCK NEWS

Digital Brands Group (DBGI) has announced a strategic partnership with Amaze (AMZE) to integrate AVO by DSTLD products into the Teespring Marketplace. This marks DBGI as the first third-party partner on the revamped platform.

The partnership leverages Amaze's extensive reach of 1.2 billion unique visitors and network of 12.3 million unique stores. The Teespring Marketplace features AI-driven curation to enhance product discovery and shopping experience.

Through this collaboration, AVO by DSTLD's fashion collection, including knits, wovens, and jeans, will be available to Amaze's vast customer base through teespring.com. The partnership aims to boost brand visibility and expand market reach through Amaze's advanced discovery tools, built-in marketing, and global distribution network.

Digital Brands Group (DBGI) has acquired the assets of Open Daily Technologies, a virtual shopping innovation company, in exchange for 344,827 shares of common stock. Open Daily specializes in creating tools for enhanced online retail experiences and consumer engagement.

The acquisition includes three core products:

• Outfit Virtual Shopping - A live shopping platform replicating in-store experiences
• Outfit Voice AI - A multilingual intelligent shopping assistant
• Outfit ND-AI - A developing neuroscience-driven AI platform for consumer insights

The strategic acquisition aims to strengthen DBGI's presence in the online shopping space by integrating interactive commerce solutions to improve customer engagement and sales.

Digital Brands Group (DBGI) has submitted an application to uplist its common stock from OTC Pink to a national securities exchange. The company recently closed a $7.5 million capital raise to strengthen its balance sheet. CEO Hil Davis announced plans to invest in growth initiatives including Tik Tok Live, digital marketing, and influencer partnerships.

The uplisting is subject to exchange approval and meeting all listing requirements. DBGI will continue trading on OTC Pink under the symbol DBGI pending any uplisting decision. The company operates as a curated collection of luxury lifestyle, digital-first brands, focusing on both direct-to-consumer and wholesale business models. Their strategy involves leveraging customer data and purchase history to create personalized targeted content.

Digital Brands Group (DBGI) has announced the pricing of a $7.5 million public offering, consisting of 11.36 million units at $0.66 per unit. Each unit includes a share of common stock and/or pre-funded warrant to purchase common stock, plus two common stock purchase warrants. The offering is expected to close on February 18, 2025.

RBW Capital Partners , through Dawson James Securities, is acting as the exclusive placement agent. The company plans to use the net proceeds for working capital, general corporate purposes, and debt repayment. The offering is being conducted under the company's Form S-1 registration statement, which was declared effective by the SEC on February 11, 2025.

Digital Brands Group (NASDAQ: DBGI) reports significant financial improvements, including the elimination of $5.2 million in convertible notes and debt. Interest expense is expected to decrease from $3.1 million in 2024 to $420,000 in 2025, resulting in a $2.7 million benefit to net income and cash flow. The company reduced G&A expenses by $500,000 in Q3 2024 compared to Q2.

Key initiatives include a 20% increase in Sundry wholesale prices, partnership with VaynerCommerce leading to 224% increase in daily digital revenues, and collaboration with LTK platform. Future plans include launching Avo on TikTok Shop in January 2025, introducing Sundry online exclusives, and implementing influencer partnerships and direct mail programs throughout 2025.

Digital Brands Group (NASDAQ: DBGI) reported significant results from its marketing partnership with VAYNERCOMMERCE, showing a 224% increase in daily digital revenues during the first 45 days of collaboration (October 22nd to December 5th, 2024) compared to the previous 45-day period. The partnership, which began on October 21st, 2024, aims to enhance DBG's online presence and revenue growth through VAYNERCOMMERCE's digital marketing services. VAYNERCOMMERCE, created by Gary Vaynerchuk (GARYVEE), is a full-service digital growth agency focused on helping digital companies scale their operations.

Digital Brands Group (NASDAQ: DBGI) has announced a 1-for-50 reverse stock split effective December 13, 2024. The strategic move aims to regain compliance with Nasdaq Capital Market's minimum bid price requirement of $1.00. The company's stock will continue trading under the symbol 'DBGI' with a new CUSIP number 25401N507. The split-adjusted trading will commence when the market opens on December 13, 2024.

Digital Brands Group (NASDAQ: DBGI) has announced a partnership with VAYNERCOMMERCE to launch its AVO brand on Tik Tok Shop and Tik Tok Live. The company will utilize VAYNERCOMMERCE's existing studios and influencer network for the launch. The platform will enable influencers and moderators to interact directly with audiences through live video content featuring AVO products. The company plans to expand this strategy to include Sundry products in Q1 2025, marking the third phase of DBG's new digital strategy.

Digital Brands Group (DBGI) has announced a partnership with LTK, a major domestic full-service influencer platform. The company has received interest from LTK's influencer network for their Sundry, Stateside, and Avo brands. The first influencer videos are scheduled to launch next week, with products already shipped to selected influencers. This partnership is part of DBGI's new digital strategy, alongside their VAYNERCOMMERCE initiative, aiming to increase brand awareness and drive revenue growth through LTK's performance-based platform.