---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-079173"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2023-07-07T23:59:59+00:00"
generated_at: "2026-06-13T11:05:36.914117+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group extends $4.5M promissory note maturity to June 2024

## Summary
- Fourth Amendment to Promissory Note issued to Norwest Venture Partners XI and XII.
- Maturity date extended from May 31, 2023 to June 30, 2024.
- Original principal amount of $4,500,000 remains unchanged.
- No other changes to the Note terms.

## SEC filing metadata
- accession: 0001104659-23-079173
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2023-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000110465923079173/0001104659-23-079173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000110465923079173/tm2320797d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-079173
- JSON: https://secwatch.observer/filing/0001104659-23-079173.json
- Plain text: https://secwatch.observer/filing/0001104659-23-079173.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923079173/0001104659-23-079173-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000110465923079173/0001104659-23-079173-index.htm

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