secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0001493152-26-011310
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group enters $3M NIL consulting deal with Athlete Capital Sports
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- Agreement with Athlete Capital Sports for consulting on Penn State NIL program; term 3 years.
- Company to issue shares worth $3M (based on VWAP or closing price) as consulting fee; delivery by April 11, 2026.
- Make-whole provision guarantees Athlete Capital receives $3M total value from share sales.
- CEO John Hilburn Davis IV appointed as proxy to vote shares held by Athlete Capital.
- Company also commits to $500k/year for 3 years ($1.5M total) to university student athlete funds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226011310/0001493152-26-011310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226011310/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-011310

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