---
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"
generated_at: "2026-06-20T15:21:04.275378+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group raises $5M in private placement of stock and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-003872
- JSON: https://secwatch.observer/filing/0001104659-23-003872.json
- Plain text: https://secwatch.observer/filing/0001104659-23-003872.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: a certain accredited investor
  - Value: aggregate gross proceeds from the Private Placement of approximately $5 million
  - Effective: 2023-01-11
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923003872/0001104659-23-003872-index.htm

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