Digital Brands Group, Inc. (NASDAQ:DBGI) shares fell in Friday’s premarket session as investors assessed new details on its $165 million U.S. Program contract and ongoing go-private review.
The pullback follows a volatile Thursday. DBGI surged 47.3% to $5.53 during the regular session before rising to $7.44 in after-hours trading.
Digital Brands Details $165 Million Contract
Digital Brands detailed its previously disclosed two-year, $165 million U.S. Program contract, including $3.3 million in guaranteed cash flow from the first two markets between Sept. 1 and Dec. 31, 2026.
The program covers apparel, footwear, and toiletries for 771,481 U.S. residents across dozens of cities as they re-enter the workforce.
