{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-017631","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.502364+00:00","generated_at":"2026-06-02T23:11:44.673451+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"DBGI issues $250K convertible note with 20% interest, $3.50 conversion price","bullets":["Issued $250,000 convertible promissory note to Target Capital 1 LLC, maturity April 30, 2025.","Note carries 20% one-time interest ($50,000) and conversion at $3.50 per share.","50,000 commitment shares issued as fee; additional 50,000 if note not repaid/converted by Oct 31, 2024.","Note is unsecured with standard default provisions; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-017631","json":"https://secwatch.observer/filing/0001493152-24-017631.json","markdown":"https://secwatch.observer/filing/0001493152-24-017631.md","text":"https://secwatch.observer/filing/0001493152-24-017631.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224017631/0001493152-24-017631-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224017631/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:11:44.673451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a35005fa60045ea037c225dd4866f4de7681d14a","claim":"Digital Brands Group, Inc. incurred convertible notes of $250,000.00 with Target Capital 1 LLC maturing April 30, 2025.","evidence_excerpt":"On April 30, 2024 (the “Issue Date”), Digital Brands Group, Inc., a Delaware corporation (the “Company”) issued a convertible promissory note in the original principal amount of $250,000.00 (the “Note”) to Target Capital 1 LLC, an Arizona limited liability company (the “Note Holder”), with a maturity date of April 30, 2025 (the “Maturity Date”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224017631/0001493152-24-017631-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$250,000.00"},{"label":"Counterparty","value":"Target Capital 1 LLC"},{"label":"Maturity","value":"April 30, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"00a30decdc13598d12ba1402027d531e5ac5f3f6","claim":"Digital Brands Group, Inc. entered into Note with Target Capital 1 LLC valued at $250,000.00 (effective 2024-04-30).","evidence_excerpt":"On April 30, 2024 (the “Issue Date”), Digital Brands Group, Inc., a Delaware corporation (the “Company”) issued a convertible promissory note in the original principal amount of $250,000.00 (the “Note”) to Target Capital 1 LLC, an Arizona limited liability company (the “Note Holder”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224017631/0001493152-24-017631-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Target Capital 1 LLC"},{"label":"Value","value":"$250,000.00"},{"label":"Effective","value":"2024-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}