{"id":195634,"date":"2023-11-06T17:41:02","date_gmt":"2023-11-06T17:41:02","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195634"},"modified":"2023-11-06T17:41:02","modified_gmt":"2023-11-06T17:41:02","slug":"digital-brands-shares-surge-as-co-mulls-strategic-alternatives","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/digital-brands-shares-surge-as-co-mulls-strategic-alternatives\/","title":{"rendered":"Digital Brands Shares Surge As Co. Mulls Strategic Alternatives"},"content":{"rendered":"
Shares of Digital Brands Group, Inc. (DBGI), a curated collection of luxury lifestyle, digital-first brands, are rallying more than 16% Monday morning after the company said its Board has initiated a review process to explore strategic alternatives.<\/p>\n
“Given the continued dislocation between Digital Brand Group’s public market value and the intrinsic value of Digital Brands Group’s underlying assets, we believe an evaluation of strategic alternatives is a prudent approach to ensure we are maximizing value for our shareholders,” said Hil Davis, CEO of Digital Brands Group. <\/p>\n
DBGI is at $5.10 currently. It has traded in the range of $3.80 – $234.75 in the last 1 year. <\/p>\n