secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001104659-23-098314
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group raises ~$5M in private placement; expects to regain Nasdaq compliance
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- Closed private placement of 513,875 shares/pre-funded warrants at $9.73/unit, plus Series A and B warrants at $9.43 exercise.
- Gross proceeds of $5.0M; net proceeds for working capital and debt repayment.
- Amended existing warrants on 196,542 shares; exercise price reduced to $9.43, expiry extended to 5.5 years.
- Company believes it now satisfies Nasdaq's $2.5M stockholders' equity requirement, pending formal confirmation.
- H.C. Wainwright acted as placement agent; fees include 7.5% cash fee and placement agent warrants for 38,541 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923098314/0001104659-23-098314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000110465923098314/tm2325389d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-098314

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