10:26 AM EDT, 09/24/2025 (MT Newswires) -- Digital Brands Group ( DBGI ) said Wednesday it has amended its private investment in public equity financing to provide for an additional investment of $1.5 million.

The company said it issued 1,875 shares of series D preferred stock to an additional accredited investor for $1.5 million, with the shares having a stated value of about $2.2 million. Closing of the transaction is likely to occur on Friday, the company added.

Shares of the company were up more than 30% in recent Wednesday trading.

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