secwatch.observer — SEC 8-K summary
======================================

Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001493152-24-018113
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224018113/0001493152-24-018113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224018113/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer