secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001493152-24-049570
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group announces 1-for-50 reverse stock split to regain Nasdaq compliance
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- Reverse split effective Dec 13, 2024; common stock trades split-adjusted from market open.
- Split ratio 1-for-50; new CUSIP 25401N507; symbol DBGI unchanged.
- Aims to regain Nasdaq $1.00 minimum bid price listing requirement.
- CEO Hil Davis calls split a strategic step toward compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224049570/0001493152-24-049570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315224049570/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049570

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