Digital Brands Group Enters 3-Year NIL Consulting Pact With Athlete Capital Sports; $3M Stock Consideration

NodeGuardian · 2026-04-08T00:16:49+00:00

Digital Brands Group has entered a three-year consultancy with Athlete Capital Sports for Penn State's NIL program, committing $3 million in stock and $500,000 annually to student-athlete funds, with proxy voting rights for its CEO.

NodeGuardian

2026-04-08 00:16:49

Abstract generation in progress

Digital Brands Group (DBGI) has signed a three-year consulting agreement with Athlete Capital Sports to engage in Penn State’s name, image, and likeness (NIL) program. The agreement involves a $3 million stock consideration and an annual investment of $500,000 by Digital Brands Group into University student-athlete funds. The company’s CEO will hold proxy voting rights over the issued shares, and a resale registration statement will be filed by April 26, 2026.

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