{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-003872","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2023-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.075672+00:00","generated_at":"2026-06-20T15:21:04.275378+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Digital Brands Group raises $5M in private placement of stock and warrants","bullets":["Sold 1,277,140 units (share or pre-funded warrant + warrant) at $3.915/unit for ~$5M gross proceeds.","Warrants exercisable at $3.80/share for five years; pre-funded warrants have $0.0001 exercise price.","Placement agent H.C. Wainwright received 7.5% cash fee, management fee, and 95,786 placement agent warrants.","Net proceeds to be used for working capital; offering closed January 13, 2023.","Securities issued under Section 4(a)(2)/Rule 506(b); no general solicitation; accredited investors only."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-003872","json":"https://secwatch.observer/filing/0001104659-23-003872.json","markdown":"https://secwatch.observer/filing/0001104659-23-003872.md","text":"https://secwatch.observer/filing/0001104659-23-003872.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923003872/0001104659-23-003872-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923003872/tm233245d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T15:21:04.275378+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":"ec2e2a0ba648245612d09a6e10d768c1a0b61771","claim":"Digital Brands Group, Inc. entered into Securities Purchase Agreement with a certain accredited investor valued at aggregate gross proceeds from the Private Placement of approximately $5 million (effective 2023-01-11).","evidence_excerpt":"On January 11, 2023, Digital Brands Group, Inc., a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a certain accredited investor (the “Investor”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923003872/0001104659-23-003872-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"a certain accredited investor"},{"label":"Value","value":"aggregate gross proceeds from the Private Placement of approximately $5 million"},{"label":"Effective","value":"2023-01-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}