---
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"
generated_at: "2026-05-30T06:57:58.686148+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group receives Nasdaq delisting notice over improper share issuance and bid price

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043355
- JSON: https://secwatch.observer/filing/0001493152-24-043355.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043355.txt

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