Digital Brands Group cancels 7.1 million pre-funded warrants pending legal investigation

Digital Brands Group, Inc.

Digital Brands Group, Inc.

DBGI

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  • Digital Brands Group cancelled 7.1 million pre-funded warrants pending a legal investigation into shareholder allegations.
  • Concerns cited include suspected collusion, repeated breaches of the 4.99% beneficial ownership cap, nominee arrangements involving foreign silent partners.
  • Company also flagged transfer agent discrepancies tied to warrant totals and entity-level records submitted under share purchase and transfer agreements.


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