{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-000843","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2023-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.074827+00:00","generated_at":"2026-06-20T20:21:34.426424+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Digital Brands Group enters $4M OID note financing, issues warrants and incentive shares","bullets":["Aggregate principal $4M (proceeds $3.2M after 20% OID); maturity Feb 15, 2023.","Issued 469,480 five-year warrants exercisable at $4.26 per share; 60,000 incentive shares.","If not repaid by maturity, note converts to common at Nasdaq closing price; CEO provides personal guarantee.","Mandatory prepayment triggers: 50% of balance if any financing < $4M, 100% if ≥ $4M.","Registration rights triggered if notes unpaid by maturity; filing within 45 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-000843","json":"https://secwatch.observer/filing/0001104659-23-000843.json","markdown":"https://secwatch.observer/filing/0001104659-23-000843.md","text":"https://secwatch.observer/filing/0001104659-23-000843.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/0001104659-23-000843-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/tm2233765d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:21:34.426424+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a1ab47c9a4adcdab44c13b152256f8b2f97de20","claim":"Digital Brands Group, Inc. entered into Registration Rights Agreement with the Investors (effective 2022-12-29).","evidence_excerpt":"In addition, the Company entered into a Registration Rights Agreement with the Investors, dated December 29, 2022 (the \"RRA\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/0001104659-23-000843-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the Investors"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"},{"claim_id":"5814ca7103e8ea5c327639d3de2dc7ab89c9fa4e","claim":"Digital Brands Group, Inc. entered into Securities Purchase Agreement with various purchasers (the \"Investors\") valued at $4,000,000 (effective 2022-12-29).","evidence_excerpt":"On December 29, 2022, Digital Brands Group, Inc. (the \"Company\") and various purchasers (the \"Investors\") executed a Securities Purchase Agreement (the \"SPA\") whereby the Investors purchased from the Company 20% Original Issue Discount (the \"OID\") promissory notes (the \"Notes\") in the aggregate principal amount of $4,000,000 (with an aggregate subscription amount of $3,200,000).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/0001104659-23-000843-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"various purchasers (the \"Investors\")"},{"label":"Value","value":"$4,000,000"},{"label":"Effective","value":"2022-12-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}