IPO indeed – ticker DBGI on NASDAQ.
Not the typical type of IPO outcome you’d expect, however.
Some of the earliest investors actually made out the worst, because the company did a reverse stock split. So the IPO price (that was a little north of $4) ended up being a down round for early investors.
Those who invested in this most recent Convertible Note with the 30% discount did get the bonus shares. But it’s been a volatile ride since the first day of the IPO!
The price is currently back at $3.90 as I type this, so Convertible Note investors have likely done a little better than breaking even.
No word on the perks yet, though.
