secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2026-06-12T22:41:31+00:00
Accession:  0001493152-26-028546
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DBGI enters $238K debt facility with 1800 Diagonal; up to $1.015M additional tranches
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- Principal $238,050 incl. $13,050 OID; net proceeds of $207,000 for working capital.
- Note bears 12% one-time interest ($28,566); nine monthly payments of $29,624 starting July 15, 2026.
- Maturity March 15, 2027; default triggers 150% penalty plus 22% default interest.
- On default, lender may convert balance at 61% of lowest closing bid price in prior 10 days.
- Conversion capped at 19.99% of shares outstanding; beneficial ownership limit 4.99%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226028546/0001493152-26-028546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226028546/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028546

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