secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001104659-23-000862
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group completes Sundry acquisition for $14M in cash, notes, and stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923000862/0001104659-23-000862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923000862/tm2233765d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-000862

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