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Digital Brands Group, Inc. Announces Closing of $10.0 Million Initial Public Offering and Harper & Jones, LLC Acquisition


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LOS ANGELES, May 18, 2021 /PRNewswire/ Digital Brands Group, Inc. (NASDAQ: DBGI) ( Digital Brands or the Company ), today announced the closing of a firm underwritten public offering of 2,409,639 shares of common stock and warrants to purchase 2,771,084 shares of common stock (which includes warrants to purchase 361,445 shares of common stock pursuant to the partial exercise by the underwriters of their over-allotment option) at a combined public offering price of $4.15 per share and warrant for aggregate gross proceeds of approximately $10.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters option to purchase any additional securities as described herein. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 361,445 shares and 361,445 warrants at the public offering price less the underwriting disc ....

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Consumer Mortgages: Why the CFPB's QM Rule Compliance Delay Isn't Quite What It Seems | Manatt, Phelps & Phillips, LLP


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As proposed back in March, the Consumer Financial Protection Bureau (CFPB or Bureau) has now formally delayed the mandatory compliance date for the new general qualified mortgage (QM) rule to October 1, 2022, effective June 30. In doing so, the CFPB asserts that the move will enhance credit opportunities for the underbanked and those still suffering from the effects of the COVID-19 pandemic. While that may arguably appear so, we explain below why it won’t as yet have the identified desired effect, and may be serving an entirely different agenda. ....

Freddie Mac , Phelps Phillips , Consumer Financial Protection Bureau , National Mortgage Association Fannie Mae , Fannie Mae , Home Loan Mortgage Corporation Freddie Mac , Dodd Frank Act , Lending Act , Qualified Mortgage Rule , Government Sponsored Enterprise , Federal National Mortgage Association , Federal Home Loan Mortgage Corporation , Patch Extension Final Rule , Preferred Stock Purchase Agreements , Final Rule , ஃப்ரெடி மேக் , ஃபெல்ப்ஸ் பிலிப்ஸ் , நுகர்வோர் நிதி ப்ரொடெக்ஶந் பணியகம் , தேசிய அடமானம் சங்கம் பன்ணிிே மே , பன்ணிிே மே , வீடு கடன் அடமானம் நிறுவனம் ஃப்ரெடி மேக் , டாட் வெளிப்படையான நாடகம் , கடன் நாடகம் , தகுதி அடமானம் ஆட்சி , அரசு ஆதரவளிக்கப்பட்ட நிறுவன , கூட்டாட்சியின் தேசிய அடமானம் சங்கம் ,