{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-046813","form_type":"8-K/A","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.950566+00:00","generated_at":"2026-06-17T00:46:26.632276+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Digital Brands Group issues $2.2M in 20% OID promissory notes due Sept 2023","bullets":["Aggregate principal $2,208,750; subscription amount $1,800,000 representing 20% original issue discount.","Notes mature September 30, 2023; Company may prepay without penalty at any time.","Mandatory 50% repayment upon any debt/equity financing under $7.5M; 100% repayment on $7.5M+ financing.","Default triggers automatic 20% increase in face value and 20% annual interest payable monthly in cash.","Amendment corrects previously filed documents to remove certain conversion provisions not in executed agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-046813","json":"https://secwatch.observer/filing/0001104659-23-046813.json","markdown":"https://secwatch.observer/filing/0001104659-23-046813.md","text":"https://secwatch.observer/filing/0001104659-23-046813.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923046813/0001104659-23-046813-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923046813/tm2313082d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T00:46:26.632276+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":"a3c926611a5542afb0d8baca317489ed5a8a51fd","claim":"Digital Brands Group, Inc. entered into Securities Purchase Agreement with various purchasers valued at aggregate principal amount of $2,208,750 (effective 2023-04-07).","evidence_excerpt":"On April 7, 2023, 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 $2,208,750 (with an aggregate subscription amount of $1,800,000).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000110465923046813/0001104659-23-046813-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"various purchasers"},{"label":"Value","value":"aggregate principal amount of $2,208,750"},{"label":"Effective","value":"2023-04-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}