- Digital Brands Group Inc (NASDAQ:DBGI) has announced a 1-for-100 (1:100) reverse split of its common stock.
- The move comes after the approval of its shareholders on October 13, 2022.
- Beginning on November 4, 2022, the company’s stock will trade on the Nasdaq Capital Market on a split-adjusted basis.
- Digital Brands sells apparel through numerous brands on a both direct-to-consumer and wholesale basis.
- Price Action: DBGI shares are trading higher by 6.10% at $0.0870 on the last check Wednesday.
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