secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2026-07-24T16:34:15+00:00
Accession:  0001493152-26-034517
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group issues $3.53M convertible note and secures $100M equity line
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- Issued $3,529,412 unsecured convertible promissory note; net proceeds of $3,000,000 for working capital and liability repayment.
- Note matures Jan 23, 2027; scheduled repayments of $1M on Oct 23, Nov 23, Dec 23, 2026 and $529,412 on Jan 23, 2027.
- Conversion at 90% of lowest VWAP during 5 days prior to conversion, subject to 19.99% Nasdaq cap and beneficial ownership limit.
- Entered ELOC to sell up to $100M of common stock over 3 years at 95% of lowest daily VWAP; commitment fee of 1% paid in shares.
- Aegis Capital acted as placement agent; registration rights agreement requires filing S-1 within 15 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226034517/0001493152-26-034517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000149315226034517/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-034517

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