secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001104659-23-058421
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/0001104659-23-058421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923058421/tm2315214d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-058421

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