secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-11-25T23:59:59+00:00
Accession:  0001493152-25-024985
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DBGI enters 3-year exclusive apparel manufacturing deal with Univ. of Mississippi NIL collective; issues $3M in stock
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- Exclusive 3-year term to manufacture University of Mississippi apparel (excluding jerseys, polo shirts, collared shirts, quarter zips, and certain NIL items).
- DBGI to invest $500K/year for 3 years into student-athlete NIL funds and spend $500K/year on digital marketing.
- Consideration: DBGI issues $3M worth of common stock (based on 5-day VWAP) to The Grove Collective; make-whole provision for first 15 months if stock price declines.
- Client assigns voting rights of shares via proxy to DBGI CEO John Hilburn Davis IV.
- DBGI must file resale registration statement by January 2, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225024985/0001493152-25-024985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315225024985/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-024985

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