secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001104659-23-065495
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group receives Nasdaq delisting notice over stockholders' deficit; plans hearing
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- Received Nasdaq delisting notice on May 23, 2023 for failure to meet Rule 5550(b)(1) stockholders' equity requirement.
- Stockholders' deficit for Q1 2023 reported in 10-Q filed May 22; company was under prior Panel Monitor.
- Will request a hearing before Nasdaq Hearings Panel, automatically staying any suspension.
- No assurance panel will grant extension or company can regain compliance; risk of delisting remains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923065495/0001104659-23-065495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923065495/tm2317055d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-065495

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