secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001104659-22-123676
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group raises ~$10M via public offering of common stock and warrants
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- Gross proceeds of ~$10M from offering of 1,818,181 shares (or pre-funded warrants), Class B and C warrants at $5.50/unit.
- Class B and C warrants exercisable at $5.25/share; B expires in 5 years, C in 13 months.
- Proceeds to fund portion of Sundry acquisition cash price, repay promissory notes, and settle H&J former owners.
- Offering closed on December 1, 2022; H.C. Wainwright acted as placement agent.
- Common stock and Class A warrants trade on Nasdaq under DBGI and DBGIW.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465922123676/0001104659-22-123676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465922123676/tm2231609d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-123676

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer