Below is a brief update on our progression to date:
Last night, we sent the S-1 to be Edgarized. Starting today, the auditors will review the Edgarized S-1.
We expect to file the S-1 with the SEC in 3 to 5 business days.
IPO Deal Terms
We set our proposed market cap, share price and amount to raise at the IPO.
We will target a $5.00 share price, a $10M capital raise and a $60 million market cap.
We believe based on the acquisitions we will finalize post IPO, we can end 2021 with a market cap above $250 million.
We believe this should result in approximately a 6x return on the current WeFunder Reg CF offering.
Have a great weekend,
CEO, Digital Brands Group
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