secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001104659-23-094502
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group announces 1-for-25 reverse stock split effective August 22, 2023
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- Reverse stock split ratio of 1-for-25, effective at 12:01 a.m. ET on August 22, 2023.
- Shareholders approved the reverse split on August 21, 2023; votes 4,339,318 for, 942,378 against, 2,946 abstain.
- New CUSIP number 25401N408 after split; Common Stock continues trading on Nasdaq under DBGI.
- No fractional shares issued; cash payment in lieu of fractional shares provided.
- Warrants, preferred stock, and convertible securities adjusted proportionately per their terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923094502/0001104659-23-094502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923094502/tm2324193d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-094502

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