Digital Brands Group Faces Delisting Concerns
Ticker: DBGI · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1668010
Sentiment: bearish
Topics: delisting, material-agreement, listing-standards
Related Tickers: DBGI
TL;DR
DBGI might get delisted, major red flag.
AI Summary
Digital Brands Group, Inc. filed an 8-K on October 4, 2024, reporting a material definitive agreement and a notice of potential delisting or failure to meet listing standards. The company is based in Vernon, California, and was formerly known as Denim LA, Inc. The filing indicates potential issues with continued listing rules.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being delisted, impacting liquidity and investor confidence.
Risk Assessment
Risk Level: high — The notice of delisting or failure to meet listing standards is a significant indicator of potential financial instability or non-compliance.
Key Players & Entities
- Digital Brands Group, Inc. (company) — Registrant
- Denim LA, Inc. (company) — Former company name
- October 2, 2024 (date) — Earliest event reported
- October 4, 2024 (date) — Filing date
FAQ
What is the specific material definitive agreement entered into by Digital Brands Group, Inc.?
The filing does not specify the details of the material definitive agreement, only that one was entered into.
What are the reasons for the notice of delisting or failure to satisfy continued listing rules?
The filing does not provide specific reasons for the notice of delisting or failure to satisfy continued listing rules.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 2, 2024.
What was Digital Brands Group, Inc. formerly known as?
Digital Brands Group, Inc. was formerly known as Denim LA, Inc.
What is the state of incorporation for Digital Brands Group, Inc.?
Digital Brands Group, Inc. is incorporated in Delaware.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-10-04 16:15:30
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 DBGI The Nasdaq Stock Market LLC
- $2,500,000 — egate principal amount of approximately $2,500,000 (the "Original Notes"), and the remaini
- $1,789,668.37 — egate principal amount of approximately $1,789,668.37 (the "Exchange Notes"). In addition, as
- $500,000.00 — es, and Exchange Notes, as follows: (i) $500,000.00 on or before May 28, 2024 and (ii) $1,2
- $1,289,668.37 — 0.00 on or before May 28, 2024 and (ii) $1,289,668.37 on or before September 30, 2024 (the "F
Filing Documents
- form8-k.htm (8-K) — 42KB
- ex10-1.htm (EX-10.1) — 13KB
- 0001493152-24-039521.txt ( ) — 276KB
- dbgi-20241002.xsd (EX-101.SCH) — 4KB
- dbgi-20241002_def.xml (EX-101.DEF) — 29KB
- dbgi-20241002_lab.xml (EX-101.LAB) — 36KB
- dbgi-20241002_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 6KB
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: October 4, 2024 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer