DBGI Files 8-K Confirming Common Stock Registration

TL;DR

**DBGI filed an 8-K confirming its common stock is registered, basic but important for trading.**

AI Summary

Digital Brands Group, Inc. (DBGI) filed an 8-K on January 4, 2024, reporting an event that occurred on January 3, 2024. The filing indicates that the company's Common Stock, with a par value of $0.0001, is registered for trading. This matters to investors because it confirms the company's compliance with SEC reporting requirements and the tradability of its shares, which is fundamental for liquidity and market participation.

Why It Matters

This filing confirms the registration of Digital Brands Group, Inc.'s common stock, which is essential for its public trading and investor confidence in its regulatory compliance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure confirming the registration of common stock, posing minimal direct risk.

Analyst Insight

A smart investor would view this as a routine compliance filing, confirming the basic tradability of DBGI shares, and would look for more substantive news for investment decisions.

Key Numbers

• $0.0001 — Common Stock Par Value (This is the stated par value per share of Digital Brands Group, Inc.'s common stock.)

Key Players & Entities

• Digital Brands Group, Inc. (company) — the registrant filing the 8-K
• $0.0001 (dollar_amount) — par value of common stock
• January 3, 2024 (date) — date of earliest event reported
• January 4, 2024 (date) — date of 8-K filing

Forward-Looking Statements

• Digital Brands Group, Inc. will continue to maintain its listing on a major exchange. (Digital Brands Group, Inc.) — high confidence, target: 2025-01-01

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 DBGI The Nasdaq Stock Market LLC
• $27 million — ng its initial 2024 revenue guidance of $27 million to $30 million, an increase of 70% to 9
• $30 m — 2024 revenue guidance of $27 million to $30 million, an increase of 70% to 90% from 2
• $6 m — st quarter 2024 revenues to approximate $6 million, based on $4.5 million in confirm
• $4.5 million — ues to approximate $6 million, based on $4.5 million in confirmed wholesale bookings. The C
• $1.5 million — kings. The Company forecasts EBITDA of $1.5 million to $2.0 million for 2024, as it leverag
• $2.0 million — any forecasts EBITDA of $1.5 million to $2.0 million for 2024, as it leverages its shared se
• $6.0 million — gs. Additionally, the Company forecasts $6.0 million to $7.0 million in internal free cash f
• $7.0 million — , the Company forecasts $6.0 million to $7.0 million in internal free cash flow for 2024. T

Filing Documents

• tm242056d1_8k.htm (8-K) — 34KB
• tm242056d1_ex99-1.htm (EX-99.1) — 9KB
• tm242056d1_ex99-1img01.jpg (GRAPHIC) — 2KB
• 0001104659-24-001344.txt ( ) — 267KB
• dbgi-20240103.xsd (EX-101.SCH) — 4KB
• dbgi-20240103_def.xml (EX-101.DEF) — 26KB
• dbgi-20240103_lab.xml (EX-101.LAB) — 36KB
• dbgi-20240103_pre.xml (EX-101.PRE) — 25KB
• tm242056d1_8k_htm.xml (XML) — 5KB

01

Item 7.01. Regulation FD Disclosure. On January 3, 2024, Digital Brands Group, Inc. (the "Company") issued a press release announcing its initial 2024 revenue guidance of $27 million to $30 million, an increase of 70% to 90% from 2023 revenue expectations. The Company expects first quarter 2024 revenues to approximate $6 million, based on $4.5 million in confirmed wholesale bookings. The Company forecasts EBITDA of $1.5 million to $2.0 million for 2024, as it leverages its shared services platform and increased wholesale bookings. Additionally, the Company forecasts $6.0 million to $7.0 million in internal free cash flow for 2024. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of the registrant dated January 3, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded with the Inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DIGITAL BRANDS GROUP, INC. Dated: January 4, 2024 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR