---
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"
generated_at: "2026-05-17T13:57:08.288608+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Digital Brands Group closes $11.2M PIPE offering of Series D Convertible Preferred Stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-023464
- JSON: https://secwatch.observer/filing/0001641172-25-023464.json
- Plain text: https://secwatch.observer/filing/0001641172-25-023464.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.