secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001493152-25-007169
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group raises ~$7.5M in registered offering of units with stock and warrants
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- Gross proceeds of ~$7.5M from sale of 11.4M units at $0.66/unit.
- Each unit includes one share (or pre-funded warrant) and two warrants exercisable at $0.66 for one year.
- Pre-funded warrants have $0.0001 exercise price with no expiration; warrants expire in one year.
- Placement agent receives 8% cash fee, $150k expense reimbursement, and warrants for 568,267 shares at $0.759.
- Offering closed Feb 18, 2025 under effective S-1 registration statement filed Jan 27, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225007169/0001493152-25-007169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225007169/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-007169

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