secwatch / observer
8-K filed July 7, 2023, 7:59 PM ET ticker DBGI CIK 0001668010
debt confidence high sentiment neutral materiality 0.50

Digital Brands Group, Inc. (DBGI): debt financing — Digital Brands Group extends $4.5M promissory note maturity to June 2024

Digital Brands Group, Inc.

item 1.01item 2.03item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Digital Brands Group, Inc. amended loan of $4,500,000 with Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP maturing June 30, 2024.

Instrument
loan
Principal
$4,500,000
Counterparty
Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP
Maturity
June 30, 2024
Event
amendment
Exact text from the filing
On July 5, 2023, Digital Brands Group, Inc. (the “Company”) entered into a fourth amendment to that certain Promissory Note, issued February 28, 2020 (as amended, the “Fourth Amendment”), issued to Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP in the initial principal amount of $4,500,000.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

Digital Brands Group, Inc. amended Fourth Amendment to Promissory Note with Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP valued at $4,500,000 principal; maturity extended to June 30, 2024 (effective 2023-07-05).

Action
amendment
Agreement
notes offering
Counterparty
Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP
Value
$4,500,000 principal; maturity extended to June 30, 2024
Effective
2023-07-05
Exact text from the filing
On July 5, 2023, Digital Brands Group, Inc. (the “Company”) entered into a fourth amendment to that certain Promissory Note, issued February 28, 2020 (as amended, the “Fourth Amendment”), issued to Norwest Venture Partners XI, LP and Norwest Venture Partners XII, LP in the initial principal amount of $4,500,000.
View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

Digital Brands Group, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-079173
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