Digital Brands Group Files 8-K on Agreements and Equity Sales
Ticker: DBGI · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1668010
| Field | Detail |
|---|---|
| Company | Digital Brands Group, INC. (DBGI) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $121,900, $15,900.00, $106,000.00, $15,169, $14,628.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-sale
Related Tickers: DBGI
TL;DR
DBGI filed an 8-K detailing new financial obligations and equity sales as of Jan 16, 2025.
AI Summary
On January 16, 2025, Digital Brands Group, Inc. entered into a material definitive agreement related to a direct financial obligation. The company also reported on the unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on January 23, 2025.
Why It Matters
This 8-K filing indicates potential new financial obligations and equity transactions for Digital Brands Group, Inc., which could impact its financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial obligations, which inherently carry financial risks for the company.
Key Players & Entities
- Digital Brands Group, Inc. (company) — Registrant
- January 16, 2025 (date) — Date of earliest event reported
- January 23, 2025 (date) — Filing date
FAQ
What type of material definitive agreement did Digital Brands Group, Inc. enter into?
The filing indicates the entry into a material definitive agreement that resulted in a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
What other significant events are reported in this 8-K filing?
Besides the material definitive agreement, the filing also reports on the creation of a direct financial obligation and unregistered sales of equity securities.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on January 16, 2025.
When was this 8-K form filed with the SEC?
This 8-K form was filed with the SEC on January 23, 2025.
What are the main sections of information provided in this filing?
The filing includes information on Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, Unregistered Sales of Equity Securities, and Financial Statements and Exhibits.
Filing Stats: 1,793 words · 7 min read · ~6 pages · Grade level 11.9 · Accepted 2025-01-23 16:02:53
Key Financial Figures
- $121,900 — te in the aggregate principal amount of $121,900.00, including an original issue discoun
- $15,900.00 — including an original issue discount of $15,900.00 (the "Note"). The purchase price of the
- $106,000.00 — te"). The purchase price of the Note is $106,000.00 (the "Purchase Price"). The Purchase Ag
- $15,169 — s required to make nine (9) payments of $15,169.77, which includes a one-time interest
- $14,628.00 — nterest charge of twelve percent (12%) ($14,628.00). The first payment is due on February
- $3,000,000 — ll pay the Vendor a vendor fee equal to $3,000,000 (the "Cash Fee") within thirty calendar
- $1 — Stock equal to the Cash Fee divided by $1.45, provided, however, if the issuance
- $0.01 — rice per share of Common Stock equal to $0.01. The Vendor Pre-Funded Warrants are imm
- $260,000.00 — missory note in the principal amount of $260,000.00 (the "Second Note") to Joshua Bartch ("
- $60,000 — e carries an original issue discount of $60,000.00, and accordingly the purchase price
- $200,000.00 — he purchase price of the Second Note is $200,000.00. The Second Note matures on April 22, 2
Filing Documents
- form8-k.htm (8-K) — 53KB
- ex4-1.htm (EX-4.1) — 81KB
- ex10-1.htm (EX-10.1) — 92KB
- ex10-2.htm (EX-10.2) — 75KB
- ex10-3.htm (EX-10.3) — 137KB
- ex10-4.htm (EX-10.4) — 38KB
- ex10-3_001.jpg (GRAPHIC) — 57KB
- 0001493152-25-003381.txt ( ) — 813KB
- dbgi-20250116.xsd (EX-101.SCH) — 3KB
- dbgi-20250116_lab.xml (EX-101.LAB) — 33KB
- dbgi-20250116_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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 23, 2025 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer