Archive: down round

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Digital Brands Group (DBG) had its initial public offering (IPO) recently. And it generated some confusion and many questions from our members. So I’m taking the opportunity today to address some of the issues you’ve raised. To refresh your memory, DBG’s IPO incorporated a “reverse stock split” of 15.625 to 1. Most First Stage Investor members paid around $0.50 for their shares. Your effective paid price is $7.8125 (15.625 multiplied by $0.50),…