secwatch.observer — SEC 8-K summary
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Issuer:     Digital Brands Group, Inc. (DBGI)
CIK:        0001668010
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001641172-25-023464
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1668010/000164117225023464/0001641172-25-023464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1668010/000164117225023464/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023464

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