---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017637"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:11:50.913144+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DBGI raises $3.2M via immediate cash exercise of 1.03M warrants at $3.13; issues new warrants at $2.88

## Summary
- Gross proceeds ~$3.2M from immediate cash exercise of 1,027,750 warrants at reduced exercise price of $3.13 per share.
- Original warrants (Series A/B, exercise price $9.43) issued Sep 2023 were replaced; closing expected May 7, 2024.
- New unregistered Series A-1 and B-1 warrants issued for up to 1,027,750 shares each, exercisable at $2.88 per share.
- H.C. Wainwright & Co. acted as exclusive placement agent; net proceeds to be used for working capital.
- New Series A-1 warrants have 5.5-year term; Series B-1 warrants have 15-month term from issuance.

## SEC filing metadata
- accession: 0001493152-24-017637
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000149315224017637/0001493152-24-017637-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000149315224017637/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017637
- JSON: https://secwatch.observer/filing/0001493152-24-017637.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017637.txt

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