---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-058421"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:34:06.854745+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group auditor resigns; new auditor MGO appointed with prior going concern and material weakness

## Summary
- DBB resigned as auditor on May 4, 2023; MGO engaged as new independent accountant on May 5, 2023.
- No disagreements on accounting principles during FY2022 or subsequent interim period through May 2023.
- Prior audit reports included a going concern explanatory paragraph due to net losses, negative cash flow, and lack of liquidity.
- DBB identified a material weakness in internal control over financial reporting; reported to the Company.
- The Audit Committee approved the engagement of MGO for the fiscal year ending December 31, 2023.

## SEC filing metadata
- accession: 0001104659-23-058421
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/0001104659-23-058421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/tm2315214d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-058421
- JSON: https://secwatch.observer/filing/0001104659-23-058421.json
- Plain text: https://secwatch.observer/filing/0001104659-23-058421.txt

## Key facts
- Auditor Changes
  dbbmckennon (DBB) resigned as auditor of Digital Brands Group, Inc..
  - Action: resignation
  - Auditor: dbbmckennon (DBB)
  source text: On May 4, 2023, dbbmckennon (“DBB”) informed Digital Brands Group, Inc. (the “Company”) of their formal resignation as the Company’s independent registered public accounting firm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/0001104659-23-058421-index.htm
- Auditor Changes
  Digital Brands Group, Inc. engaged Macias Gini & O’Connell LLP (MGO) as its auditor.
  - Action: engagement
  - Auditor: Macias Gini & O’Connell LLP (MGO)
  source text: On May 5, 2023, the Company engaged Macias Gini & O’Connell LLP (“MGO”) as its new independent registered public accountant for the fiscal year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/0001104659-23-058421-index.htm

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