other material
confidence high
sentiment neutral
materiality 0.55
Digital Brands Group resets Series D floor price; major holder locked up 180 days
Digital Brands Group, Inc.
- Entered Lock-Up and Leak-Out Agreement with majority Series D holder as inducement for resetting Floor Price.
- Floor Price reset to 20% of lower of closing price on July 17 or 5-day average closing price.
- Holder cannot sell shares for 180 days except up to 3% of daily trading volume (leak-out).
- Company may waive leak-out cap on any trading day via written notice.
- Certificate of Amendment filed with Nevada Secretary of State effective July 17, 2026.