Digital Brands Group, Inc. (NASDAQ:DBGI) Q4 2023 Earnings Call Transcript

The first reason in that it is good corporate governance. The second is, this was the last day of our 60 day lookback period, which we’re able to catch the highest price of the — of our stock ending that day. I think that’s really important. We waited until the very last day to do it. And this gives us option value in case anything were to happen and we needed cash versus filing the next one. So it’s good corporate guidance. We took advantage of the high price on the 60-day lookback period. And as investors, this is what you’d want us to do. The other option, I guess, is if we needed cash in two or three or four, six or nine months, we could file an S-1. But we thought this was a much better use of being able to take advantage of good corporate governance and a high lookback period price.

With that, I’ll open it up to the Q&A, please.

Operator:

Hil Davis: That’s it. I appreciate everyone’s time, and we’ll talk very soon. Everyone have a good day.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.