Latest news with #DBG
Yahoo
5 days ago
- General
- Yahoo
Detroit graduate secures 80+ college offers, $1.3M in scholarships
The Brief Harmonie Stewart, Detroit School of Arts graduate, received over 80 college acceptance offers. She says that includes more than $1.3 million in scholarships. For the fall, she's heading off to Alabama A&M. DETROIT (FOX 2) - Many Detroit seniors are graduating with their diplomas in hand, but one graduate is crossing the stage with more than 80 offers from colleges. What they're saying Harmonie Stewart is thrilled to have graduated from Detroit School of Arts and to have received over 80 college acceptance offers. "I didn't expect myself to get into 84. If I was talking to my younger self about it, she would've been like, 'What are you talking about?'" she said. Most of the offers, she says, came with cash, totaling more than $1.3 million in scholarships. "It feels like a big accomplishment. When I first showed everyone my acceptance letters, they were like, 'Yeah, you are who you say you are.' And I'm like, I agree, I am who I say I am," she said. Big picture view DBG manager Dennis Williams Mitchell says Stewart shines academically and in character at DBG, an organization that helps young students and teens succeed in school and life. "Harmonie is phenomenal. She is by far one of the pinnacle students that we have at DBG," he said. Stewart has been there since 6th grade, and Williams-Mitchell says he knew the moment she started applying to schools, she would get in easily. "It started with a friendly competition between one of the alumni who graduated last year," he said. "He got accepted into, I believe, over 50 colleges and received half a million dollars in scholarships." For the fall, she's heading off to Alabama A&M. She can't take all the scholarship money with her, but her hope is that others pick up on her competitive spirit and get accepted to even more colleges. "Yesterday, a student said, 'Oh, I'm so proud of you, and I want to be right where you are today.' I'm like, 'Oh,' and I was just kind of crying about it because I didn't expect to inspire so many people like that," she said. What you can do DBG Detroit says there are 2,000 students on the waiting list. If you'd like to learn more about it, you can tap here.
Korea Herald
29-04-2025
- Automotive
- Korea Herald
LG Energy Solution to set up battery recycling JV in Europe for 1st time
French facility to begin operation by 2027 with annual capacity to process over 20,000 tons of used batteries LG Energy Solution said Tuesday it is poised to establish a joint venture for electric vehicle battery recycling in France with Derichebourg, a local environmental services company, marking South Korea's first recycling joint venture in Europe. The new recycling plant, set to be built in the Val d'Oise region of northern France, will start construction next year and become fully operational by 2027. Its annual capacity to process used batteries is expected to be more than 20,000 metric tons. The facility will engage in preprocessing activities that safely disassemble and crush end-of-life batteries and scrap -- by-products from cathode material production or defective batteries from battery manufacturing processes -- into 'black mass.' This intermediate product will be further processed to obtain key metals such as lithium, cobalt and nickel, which are set to be used to manufacture cathode materials and supplied to LG Energy Solution's global production sites. The joint venture plans to secure scrap from LG Energy Solution's EV battery cell manufacturing plant in Wroclaw, Poland, and used batteries collected by DBG from France and neighboring areas. While the additional construction project for its post-processing plant manufacturing black mass is currently pending, an LG Energy Solution official noted that the new facility's location will be determined by various factors, including the availability of large-scale industrial sites, workforce requirements and investment costs. This is different from its preprocessing facility in France, which prioritized proximity to secure end-of-life batteries, as their transportation cost is higher compared to black mass, which is easier to transport. One of the key reasons the battery giant is building a recycling plant in France is to secure a stable supply chain for critical battery raw materials, which are often challenged by price and supply volatility due to geopolitical risks, including China's dominance in minerals. According to the China Geological Survey under the Ministry of Natural Resources, China has 16.5 percent of the world's known lithium reserves as of January this year, ranking as the second-largest country that controls the critical materials after Chile. Industry insiders suggest that the second Donald Trump administration's ongoing power game with China has also led to the recycling push, with the US tariffs on Chinese lithium battery materials exceeding 80 percent. In addition, LG Energy Solution looks to preemptively respond to the EU's intensified regulations, which require recycling rates for battery raw materials in Europe to be 16 percent for cobalt, 6 percent for lithium and 6 percent for nickel by 2031. By 2036, these rates will increase to 26 percent for cobalt, 12 percent for lithium and 15 percent for nickel. According to the European Automobile Manufacturers Association, France captured 15 percent of Europe's total EV sales in 2024, indicating a rapid increase in end-of-life battery resources. Derichebourg, a leading player in France's metal recycling market, possesses over 200 facilities that collect used batteries across the country. 'We will continue to demonstrate exceptional customer value in the battery recycling industry by capitalizing on our innovative technology and production capabilities,' stated Kang Chang-beom, chief strategy officer of LG Energy Solution.
Yahoo
14-02-2025
- Business
- Yahoo
DBGI Announces Pricing of $7.5 Million Public Offering of Units of Common Stock and/or Pre-Funded Warrants and Warrants
Austin, TX, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. ('DBG') (OTC PINK: DBGI), a curated collection of luxury lifestyle brands, announces the pricing of its public offering of an aggregate of 11.36 million units, of which each unit includes a share of common stock and/or pre-funded warrant to purchase common stock, plus two common stock purchase warrants, at a public offering price of $0.66 per unit (minus $0.0001 per unit that includes a pre-funded warrant). The gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be $7.5 million. DBG intends to use the net proceeds of the offering for working capital, general corporate purposes, and the repayment of debt. RBW Capital Partners LLC, acting through Dawson James Securities, Inc. (the 'Placement Agent'), is acting as the exclusive placement agent for the offering. Anthony Linder Cacomanolis PLLC is acting as legal counsel to Digital Brands Group, Inc. and Sichenzia Ross Ference Carmel LLP is acting as legal counsel to the Placement Agent. The offering is expected to close on February 18, 2025, subject to customary closing conditions. The offering is being conducted pursuant to the Company's registration statement on Form S-1, as amended (File No. 333- 284508), initially filed with the Securities and Exchange Commission (the 'SEC') on or around January 27, 2025, and subsequently declared effective by the SEC on February 11, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at Copies of the final prospectus relating to this offering may be obtained from the Placement Agent at 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, or the email address investmentbanking@ This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Digital Brands Group We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as 'will,' 'anticipate,' 'estimate,' 'expect,' 'should,' and 'may' and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG's plans, objectives, projections and expectations relating to DBG's operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG's customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG's response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG's ability to implement its business strategy; DBG's ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG's and its vendors' ability to maintain the strength and security of information technology systems; the risk that DBG's facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG's ability to properly collect, use, manage and secure consumer and employee data; stability of DBG's manufacturing facilities and foreign suppliers; continued use by DBG's suppliers of ethical business practices; DBG's ability to accurately forecast demand for products; continuity of members of DBG's management; DBG's ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG's ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG's financial results is included from time to time in DBG's public reports filed with the SEC, including DBG's Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC. Digital Brands Group, Inc. Company ContactHil Davis, CEOEmail: invest@ (800) 593-1047 SOURCE Digital Brands Group, Inc. Related Links in to access your portfolio
