Why Is Digital Brands Group (DBGI) Stock Trending Overnight?
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
The announcement, made during market hours, expands apparel and soft-goods revenue streams across GCC’s digital networks, physical installations, and domest
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