secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001493152-25-003381
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group enters three financings totaling ~$582K in gross proceeds
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- Issued $121,900 promissory note to 1800 Diagonal lending; net proceeds $106,000 after $15,900 OID.
- Second promissory note with Joshua Bartch: $260,000 principal, $200,000 net proceeds after $60,000 OID, maturing April 22, 2025.
- Entered vendor agreement with MavDB Consulting; pays $3M fee via pre-funded warrants for 2,068,965 shares at $0.01 exercise price.
- Proceeds from notes used for general working capital; first monthly payment on $121,900 note due Feb 16, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225003381/0001493152-25-003381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225003381/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003381

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