Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Digital Brands Group, Inc. incurred loan of $238,050.00 with 1800 Diagonal Lending, LLC at twelve percent (12%) maturing March 15, 2027.
- Instrument
- loan
- Principal
- $238,050.00
- Counterparty
- 1800 Diagonal Lending, LLC
- Rate
- twelve percent (12%)
- Maturity
- March 15, 2027
- Event
- incurrence
Exact text from the filing
On June 9, 2026, Digital Brands Group, Inc., a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with 1800 Diagonal Lending, LLC (the “1800 Diagonal”), pursuant to which the 1800 Diagonal made a loan to the Company, evidenced by a promissory note in the aggregate principal amount of $238,050.00, including an original issue discount of $13,050.00 (the “Note”) with additional tranches of up to $1,015,000.00 during the next twelve (12) months subject to further agreement. The purchase price of the Note is $207,000.00 (the “Purchase Price”). The Purchase Agreement contains certain customary representations, warranties, and covenants made by the Company. Under the Note, the Company is required to make nine (9) payments of $29,624.00, which includes a one-time interest charge of twelve percent (12%) ($28,566.00). The first payment is due on July 15, 2026, with eight subsequent payments due each month thereafter. The Note matures on Ma
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Digital Brands Group, Inc. issued convertible note to 1800 Diagonal Lending, LLC for conversion price equal to 61% of the lowest closing bid price.
- Security
- convertible note
- Purchaser
- 1800 Diagonal Lending, LLC
- Consideration
- conversion price equal to 61% of the lowest closing bid price
Exact text from the filing
Upon the occurrence of any event of default under the Note, (i) the Note will become immediately due and payable in an amount equal to 150% times the outstanding principal and accrued interest under the Note plus default interest at the rate of twenty-two percent (22%) per annum (the “Default Amount”), and (ii) 1800 Diagonal will have the right to convert the balance owed under the Note, including the Default Amount, into shares of common stock of the Company (“Common Stock”) at a conversion price equal to 61% of the lowest closing bid price during the ten trading days prior to the conversion date.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Digital Brands Group, Inc. entered into Purchase Agreement with 1800 Diagonal Lending, LLC valued at $238,050.00 (effective 2026-06-09).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- 1800 Diagonal Lending, LLC
- Value
- $238,050.00
- Effective
- 2026-06-09
Exact text from the filing
On June 9, 2026, Digital Brands Group, Inc., a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with 1800 Diagonal Lending, LLC (the “1800 Diagonal”), pursuant to which the 1800 Diagonal made a loan to the Company, evidenced by a promissory note in the aggregate principal amount of $238,050.00, including an original issue discount of $13,050.00 (the “Note”) with additional tranches of up to $1,015,000.00 during the next twelve (12) months subject to further agreement.
View on SEC.gov