By Dean Seal
Shares of Digital Brands gained after the company’s board said it would review strategic alternatives.
The stock was up 21% at $5.24 in early trading. Shares have fallen 96% so far this year.
The apparel company said Monday morning that it will begin a comprehensive review of its options.
The review comes in light of the “continued dislocation” between the company’s market value and the intrinsic value of its underlying assets, Chief Executive Hil Davis said.
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