(Tiper Stock Exchange) – Digital Brands Group (DBG), a US company listed on the Nasdaq and active in the clothing sector with numerous brands, has announced that it will carry out a reverse stock split 1-by-25 of ordinary shares, which will enter into force on August 22, 2023.
DBG’s common stock will continue to trade on the Nasdaq under the ticker symbol “DBGI”. The reverse stock split is carried out to stay on the Nasdaqafter the delisting letter received in May.