---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018113"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:56:46.361534+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group raises $3.2M via warrant exercise; issues new warrants at $2.88

## Summary
- Closed exercise of 1,027,750 shares at reduced price of $3.13 per share.
- Gross proceeds of $3.2M; net proceeds to be used for working capital.
- Issued new Series A-1 and B-1 warrants for up to 2,055,500 shares at $2.88 exercise price.
- Placement agent H.C. Wainwright received 7.5% cash fee plus 77,081 PA warrants at $3.9125.
- Existing warrants were from Sept 2023; new A-1 warrants expire 5.5 yrs, B-1 warrants 15 months.

## SEC filing metadata
- accession: 0001493152-24-018113
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000149315224018113/0001493152-24-018113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000149315224018113/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018113
- JSON: https://secwatch.observer/filing/0001493152-24-018113.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018113.txt

## Key facts
- Material Agreements
  Digital Brands Group, Inc. entered into Inducement Agreement with accredited investor valued at $3,216,857.50 (effective 2024-05-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investor
  - Value: $3,216,857.50
  - Effective: 2024-05-03
  source text: On May 3, 2024, the Company entered into that certain inducement offer to exercise common stock purchase warrants with the Investor (the “Inducement Agreement"), pursuant to which (i) the Company agreed to lower the exercise price of the Existing Warrants to $3.13 per share and (ii) the Investor agreed to exercise the Existing Warrants into 1,027,750 shares of Common Stock (the “Exercise Shares") by payment of the aggregate exercise price of $3,216,857.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668010/000149315224018113/0001493152-24-018113-index.htm

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