Digital Brands Group to implement 1-for-40 reverse stock split to comply with Nasdaq rules
Seeking Alpha ·
DBGI ( DBGI ) will effect a 1-for-40 reverse stock split of its common stock, par value $0.0001 per share, the firm said on Friday. The reverse stock split will become effective on July 24, 2026. It will reduce the number of shares of outstanding common stock from ~23M shares to ~575,000 shares. It is intended to increase the closing bid price of the common stock above $1.00 per share and to enable the company to manage continued compliance with Nasdaq. Financial information for Digital Brands Group
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DBGI is set to apply a 1-for-40 reverse stock split, effective July 24, to meet NASDAQ listing requirements, which will effectively increase the closing price of common stock to at least $1.00, enabling continued compliance.
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- Stocks — The reverse stock split is expected to positively impact stock price appreciation as it will meet NASDAQ listing requirements.
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