Digital Brands Group Inc. (NASDAQ:DBGI) shares are trending on Tuesday.

Shares Surge On Expanded GCC Partnership

DBGI shares spiked 38.28% to $1.16 in after-hours trading on Monday, after the Austin-based apparel and e-commerce company announced initial purchase orders under its $125 million U.S. Program following an expanded partnership with Global Combat Collective.

GCC is a premier boxing organization dedicated to delivering high-level fight events worldwide, bringing together elite fighters from various disciplines and showcasing top-tier matchups for fight fans globally, according to its website.

New Channels Exceed Prior Guidance