other_material
confidence high
sentiment neutral
materiality 0.60
Digital Brands Group amends PIPE to add $1.5M, extends registration deadline
Digital Brands Group, Inc.
- Issued 1,875 additional Series D preferred shares at $1,150 stated value for $1.5M cash.
- Conversion price remains 80% of 5-day low closing price; same terms as initial shares.
- Registration statement deadline for resale of conversion shares extended to Dec 1, 2025.
- Certain investors exercised $300k in warrants for cash at the second closing on Sept 26.
- Aggregate PIPE proceeds now ~$12.725M from Series D and warrant exercise.
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