Digital Brands Group Files Prospectus Relates To Resale, From Time To Time, Of Up To 2.1M Shares Of Common Stock By Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Digital Brands Group has filed a prospectus with the SEC for the potential resale of up to 2.1 million shares of common stock by selling stockholders.
June 04, 2024 | 6:52 pm
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Digital Brands Group has filed a prospectus with the SEC for the potential resale of up to 2.1 million shares of common stock by selling stockholders. This could lead to increased stock volatility and potential downward pressure on the stock price due to the increased supply of shares.
The filing indicates that up to 2.1 million shares of common stock may be resold by selling stockholders. This could increase the supply of shares in the market, potentially leading to downward pressure on the stock price. Investors should be aware of potential volatility.
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