secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001104659-23-077214
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group receives additional Nasdaq delisting notice for bid price non-compliance
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- Nasdaq notified DBGI on June 28, 2023 that bid price non-compliance for 30 days ended June 27, 2023 may trigger delisting.
- Company ineligible for 180-day grace period due to ongoing Panel Monitor under Nasdaq Rule 5815(d)(4)(A).
- DBGI to address bid price deficiency at upcoming Nasdaq Hearings Panel, along with plan to regain minimum stockholders' equity compliance.
- Company also faces continued equity compliance issue under Nasdaq Listing Rule 5550(b)(1).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923077214/0001104659-23-077214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923077214/tm2320369d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077214

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