Digital Brands Group Faces Delisting Concerns
Ticker: DBGI · Form: 8-K · Filed: Dec 17, 2024 · CIK: 1668010
Sentiment: bearish
Topics: delisting, compliance, stock-exchange
Related Tickers: DBGI
TL;DR
DBGI might get delisted - big trouble for the stock.
AI Summary
Digital Brands Group, Inc. filed an 8-K on December 16, 2024, to report a notice of delisting or failure to satisfy a continued listing rule. The company is based in Vernon, California, and was formerly known as Denim LA, Inc. This filing indicates potential issues with the company's compliance with stock exchange listing standards.
Why It Matters
This filing signals potential delisting from a stock exchange, which could significantly impact the liquidity and valuation of the company's stock.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards indicates a severe risk to the company's continued trading on a major exchange.
Key Players & Entities
- Digital Brands Group, Inc. (company) — Registrant
- Denim LA, Inc. (company) — Former company name
- December 16, 2024 (date) — Date of earliest event reported
- Vernon, CA (location) — Business address
- Austin, TX (location) — Principal executive offices
FAQ
What is the specific reason Digital Brands Group, Inc. received a notice of delisting or failure to satisfy a continued listing rule?
The provided text of the 8-K filing does not specify the exact reason for the delisting notice, only that it was filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 16, 2024.
What was Digital Brands Group, Inc. formerly known as?
Digital Brands Group, Inc. was formerly known as Denim LA, Inc.
Where are the principal executive offices of Digital Brands Group, Inc. located?
The principal executive offices of Digital Brands Group, Inc. are located at 1400 Lavaca Street, Austin, TX 78701.
What is the Commission File Number for Digital Brands Group, Inc.?
The Commission File Number for Digital Brands Group, Inc. is 001-40400.
Filing Stats: 763 words · 3 min read · ~3 pages · Grade level 13.6 · Accepted 2024-12-17 09:00:33
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) — 40KB
- 0001493152-24-050342.txt ( ) — 258KB
- dbgi-20241216.xsd (EX-101.SCH) — 4KB
- dbgi-20241216_def.xml (EX-101.DEF) — 29KB
- dbgi-20241216_lab.xml (EX-101.LAB) — 36KB
- dbgi-20241216_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 6KB
forward-looking statements
forward-looking statements.
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: December 17, 2024 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer