{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-043355","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2024-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.166718+00:00","generated_at":"2026-05-30T06:57:58.686148+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Digital Brands Group receives Nasdaq delisting notice over improper share issuance and bid price","bullets":["Nasdaq Staff determined non-compliance with Rule 56353(d) due to erroneous issuance of 1,311,345 shares without shareholder approval.","Delisting notice also cites previously disclosed minimum bid price deficiency under Rule 5550(a)(2).","Company plans to address both issues at a previously scheduled Nasdaq Hearings Panel hearing.","Erroneous shares were issued to a note holder upon conversion of a promissory note from October 2023.","The improper issuance violated the note's terms and Nasdaq rule limiting discounted issuances to 19.9% of outstanding shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-043355","json":"https://secwatch.observer/filing/0001493152-24-043355.json","markdown":"https://secwatch.observer/filing/0001493152-24-043355.md","text":"https://secwatch.observer/filing/0001493152-24-043355.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224043355/0001493152-24-043355-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000149315224043355/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T06:57:58.686148+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}