---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-021788"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:42:34.956519+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group settles $1.79M notes with investors; $500k due May 28, $1.29M due Sep 30

## Summary
- Aggregate settlement of $1,789,668.37 to extinguish promissory notes (original principal ~$2.5M).
- First payment of $500,000 due May 28, 2024; second payment of $1,289,668.37 due Sep 30, 2024.
- Mutual release of all claims by both parties related to the notes and securities purchase agreement.
- If Company fails to make payments, Investor can void settlement and reinstate original 30% OID note terms including default penalties.

## SEC filing metadata
- accession: 0001493152-24-021788
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000149315224021788/0001493152-24-021788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000149315224021788/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-021788
- JSON: https://secwatch.observer/filing/0001493152-24-021788.json
- Plain text: https://secwatch.observer/filing/0001493152-24-021788.txt

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