secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001493152-25-015802
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group amends PIPE to add $1.5M, extends registration deadline
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225015802/0001493152-25-015802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225015802/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-015802

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