Digital Brands Group Announces 1-For-40 Reverse Stock Split Effective On July 24, 2026
DBGI Corp. (NASDAQ:DBGI) (the "Company"), a publicly traded company specializing in eCommerce and fashion, today announced to solidify its long-term market footing, that it will effect a 1-for-40 reverse stock
A company is combining 40 of its shares into 1 share to make its stock price look higher. When companies do this, it usually means they're trying to stay listed on their stock exchange because the price got too low.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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