DBG Pays Off $1.3 Million in Convertible Notes, which Retires All of the Company's Convertible Notes
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Digital Brands Group, Inc. (NASDAQ: DBGI) has paid off $1.3 million in convertible notes, retiring all of its convertible debt. This move eliminates potential dilution from these securities.
November 07, 2024 | 7:15 pm
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Digital Brands Group has paid off $1.3 million in convertible notes, retiring all such debt. This eliminates potential dilution from these securities, which could positively impact the stock price.
By paying off $1.3 million in convertible notes, DBG has removed the risk of dilution from these securities. This is a positive development for shareholders as it strengthens the company's financial position and could lead to a more favorable stock price.
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