DBGI (DBGI) will effect a 1-for-40 reverse stock split of its common stock, par value $0.0001 per share, the firm said on Friday.
The reverse stock split will become effective on July 24, 2026. It will reduce the number of shares of outstanding common stock from ~23M shares to ~575,000 shares.
It is intended to increase the closing bid price of the common stock above $1.00 per share and to enable the company to manage continued compliance with Nasdaq.
DBGI -2.50% to $0.62 post-market.
Source: Press Release
The reverse stock split will become effective on July 24, 2026. It will reduce the number of shares of outstanding common stock from ~23M shares to ~575,000 shares.
It is intended to increase the closing bid price of the common stock above $1.00 per share and to enable the company to manage continued compliance with Nasdaq.
DBGI -2.50% to $0.62 post-market.
Source: Press Release
