Digital Brands Group, Inc. announced a private investment in public equity financing agreement with select investors, raising approximately $11,225,000. RBW Capital Partners LLC served as the placement agent for the financing. The Company agreed to sell up to 14,031.25 shares of its Series D Convertible Preferred Stock, with a conversion price equal to 80% of the lowest closing price of the Common Stock. The securities offered have not been registered under the Securities Act of 1933 and were only offered to accredited investors. The Company plans to file registration statements with the SEC covering the resale of the shares issued.

Read more at GlobeNewswire: Digital Brands Enters into Securities Purchase Agreement