{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-000862","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":"2026-05-14T18:03:46.075040+00:00","generated_at":"2026-06-20T20:21:32.593280+00:00","sec_items":["2.01","1.01","2.03","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Digital Brands Group completes Sundry acquisition for $14M in cash, notes, and stock","bullets":["Paid $7.5M cash, issued $5.5M in 8% promissory notes (due Feb 15, 2023), and $1.0M in stock to sellers.","Sundry becomes a wholly owned subsidiary; CEO expects revenue scale and cross-selling opportunities.","Company will provide annual 2023 revenue and earnings guidance in January including Sundry contributions.","Previous terms were disclosed in an Oct 18, 2022 8-K; this filing confirms the December 30 closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-000862","json":"https://secwatch.observer/filing/0001104659-23-000862.json","markdown":"https://secwatch.observer/filing/0001104659-23-000862.md","text":"https://secwatch.observer/filing/0001104659-23-000862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000862/0001104659-23-000862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000862/tm2233765d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:21:32.593280+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":"0a9e9bd97dfaf94cac95607f10a03011a2e57b70","claim":"Digital Brands Group, Inc. completed an acquisition involving Sundry (Sunnyside, LLC) for $7.5 million in cash, $5.5 million in promissory notes, and $1.0 million in shares of common stock (closed 2022-12-30).","evidence_excerpt":"and Sundry. Pursuant to the Agreement, Sellers, as the holders of all of the outstanding membership interests of Sundry, exchanged all of such membership interests for (i) $7.5 million in cash, (ii) $5.5 million in promissory notes of the Company (the “Notes”), and (iii) a number of shares of common stock of the Company equal to $1.0 million (the “Shares”),","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923000862/0001104659-23-000862-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Sundry (Sunnyside, LLC)"},{"label":"Consideration","value":"$7.5 million in cash, $5.5 million in promissory notes, and $1.0 million in shares of common stock"},{"label":"Closing","value":"2022-12-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}