secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2026-07-22T20:50:20+00:00
Accession:  0001493152-26-034260
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group announces 1-for-40 reverse stock split to regain Nasdaq compliance
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- Reverse stock split at 1-for-40 effective July 24, 2026; reduces outstanding shares from ~23M to ~575,000.
- Intended to increase bid price above $1.00 to comply with Nasdaq Listing Rule 5550(a)(2).
- Authorized shares reduced from 1B to 25M; par value unchanged at $0.0001 per share.
- No fractional shares issued; fractional interests rounded up to nearest whole share.
- No stockholder approval required under Nevada law; Clear Trust LLC acting as transfer agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226034260/0001493152-26-034260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226034260/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034260

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