{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-023464","form_type":"8-K","ticker":"DBGI","cik":"0001668010","company_name":"Digital Brands Group, Inc.","filed_at":"2025-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.599806+00:00","generated_at":"2026-05-17T13:57:08.288608+00:00","sec_items":["1.01","3.02","3.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Digital Brands Group closes $11.2M PIPE offering of Series D Convertible Preferred Stock","bullets":["Raised ~$11,225,000 from sale of ~14,031 Series D Preferred shares at $800/share; proceeds held in segregated account pending conditions.","Conversion price is 80% of lowest closing price of common stock over prior five trading days; beneficial ownership cap at 19.99%.","Company must obtain Nasdaq shareholder approval within 90 days; otherwise investors can demand redemption of purchase price.","Up to $5.061M released upon SEC filing of resale registration; remaining released after reverse split and registration effectiveness.","RBW Capital Partners acted as placement agent, receiving 8% fee plus up to $100k in expense reimbursement."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-023464","json":"https://secwatch.observer/filing/0001641172-25-023464.json","markdown":"https://secwatch.observer/filing/0001641172-25-023464.md","text":"https://secwatch.observer/filing/0001641172-25-023464.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668010/000164117225023464/0001641172-25-023464-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668010/000164117225023464/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:57:08.288608+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}