---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043761"
form_type: "8-K"
ticker: "DBGI"
cik: "0001668010"
company_name: "Digital Brands Group, Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:38:22.648925+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Digital Brands corrects erroneous issuance of 1.31M shares; outstanding count reduced to 28.98M

## Summary
- Errant issuance of 1,311,345 shares upon conversion of October 2023 promissory note violated Nasdaq Rule 56353(d).
- Holder returned and cancelled the erroneously issued shares on November 5, 2024, per remediation plan.
- Outstanding common stock reduced to 28,982,218 shares as of November 5, 2024.
- Company previously disclosed error on October 16, 2024, and sought return of shares.

## SEC filing metadata
- accession: 0001493152-24-043761
- form_type: 8-K
- ticker: DBGI
- cik: 0001668010
- company_name: Digital Brands Group, Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668010/000149315224043761/0001493152-24-043761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668010/000149315224043761/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043761
- JSON: https://secwatch.observer/filing/0001493152-24-043761.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043761.txt

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