Digital Brands Group Reports Equity Sale
Ticker: DBGI · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1668010
Sentiment: neutral
Topics: equity-sale, warrants, unregistered-securities
Related Tickers: DBGI
TL;DR
DBGI sold 1M shares + warrants for $100K on Oct 7.
AI Summary
On October 7, 2024, Digital Brands Group, Inc. reported unregistered sales of equity securities. The company issued 1,000,000 shares of common stock and warrants to purchase 1,000,000 shares of common stock to an investor in exchange for $100,000.
Why It Matters
This filing indicates the company has raised capital through the sale of stock and warrants, which could impact its financial position and stock dilution.
Risk Assessment
Risk Level: medium — The sale of unregistered securities and warrants can lead to dilution and uncertainty about the terms of the agreement.
Key Numbers
- $100,000 — Capital Raised (Proceeds from the sale of unregistered equity securities and warrants.)
- 1,000,000 shares — Common Stock Issued (Number of shares of common stock sold in the unregistered offering.)
- 1,000,000 warrants — Warrants Issued (Number of warrants issued alongside the common stock sale.)
Key Players & Entities
- Digital Brands Group, Inc. (company) — Registrant
- October 7, 2024 (date) — Date of earliest event reported
- $100,000 (dollar_amount) — Proceeds from equity sale
- 1,000,000 shares of common stock (dollar_amount) — Securities sold
- 1,000,000 shares of common stock (dollar_amount) — Warrants issued
FAQ
What was the specific nature of the unregistered sales of equity securities?
Digital Brands Group, Inc. reported the sale of 1,000,000 shares of common stock and warrants to purchase an additional 1,000,000 shares of common stock.
What was the total amount raised from these unregistered sales?
The company received $100,000 in connection with the sale of the common stock and warrants.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported was on October 7, 2024.
Who was the recipient of the unregistered equity securities?
The filing does not explicitly name the investor, referring to them as 'an investor'.
What is the par value of Digital Brands Group's common stock?
The par value of Digital Brands Group's common stock is $0.0001 per share.
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-10-21 17:24:58
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 DBGI The Nasdaq Stock Market LLC
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-041814.txt ( ) — 254KB
- dbgi-20241007.xsd (EX-101.SCH) — 4KB
- dbgi-20241007_def.xml (EX-101.DEF) — 29KB
- dbgi-20241007_lab.xml (EX-101.LAB) — 36KB
- dbgi-20241007_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 21, 2024 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer