 LOS ANGELES, May 18, 2021 PRNewswire -- Digital Brands Group, Inc. NASDAQ: DBGI Digital Brands or the Company, today announced the closing of a firm underwritten public offering of 2,409,639 shares of common stock and warrants to purchase 2,771,084 shares of common stock which includes warrants to purchase 361,445 shares of common stock pursuant to the partial exercise by the underwriters of their over-allotment option at a combined public offering price of 4.15 per share and warrant for aggregate gross proceeds of approximately 10.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters option to purchase any additional securities as described herein. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares and 361,445 warrants at the public offering price less the underwriting discounts and commissions. 