secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001641172-25-002360
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Brands Group acquires Open Daily virtual shopping assets for 344,827 shares
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- Acquired patent applications, trademarks, and software from Open Daily Technologies Inc.
- Consideration: 344,827 shares of DBGI common stock; deal closed April 2, 2025.
- Open Daily's core products: Outfit Virtual Shopping, Outfit Voice AI, Outfit ND-AI.
- Acquisition aims to enhance digital retail engagement and immersive shopping experiences.
- No cash or debt assumed; only intellectual property assets transferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000164117225002360/0001641172-25-002360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000164117225002360/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002360

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer