Digital Brands Group sets 1-for-40 reverse stock split for July 24

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Summary · why it matters

Digital Brands Group will implement a 1-for-40 reverse stock split of its common stock, effective July 24, 2026. The move will reduce outstanding shares from approximately 23 million to roughly 575,000. The company aims to lift its closing bid price above $1.00 per share to maintain Nasdaq listing compliance. Shares fell 2.50% to $0.62 in post-market trading.

Impact on assets 1

Consumer Discretionary▼