---
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"
generated_at: "2026-06-20T20:21:34.426424+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group enters $4M OID note financing, issues warrants and incentive shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-000843
- JSON: https://secwatch.observer/filing/0001104659-23-000843.json
- Plain text: https://secwatch.observer/filing/0001104659-23-000843.txt

## Key facts
- Material Agreements
  Digital Brands Group, Inc. entered into Registration Rights Agreement with the Investors (effective 2022-12-29).
  - Action: entry
  - Counterparty: the Investors
  - Effective: 2022-12-29
  source text: In addition, the Company entered into a Registration Rights Agreement with the Investors, dated December 29, 2022 (the "RRA").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/0001104659-23-000843-index.htm
- Material Agreements
  Digital Brands Group, Inc. entered into Securities Purchase Agreement with various purchasers (the "Investors") valued at $4,000,000 (effective 2022-12-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: various purchasers (the "Investors")
  - Value: $4,000,000
  - Effective: 2022-12-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923000843/0001104659-23-000843-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.