Recent 8-K filings for DBGI
Highest-materiality recent filing
Digital Brands Group extends final payment on $1.79M settlement to Oct 31, receives Nasdaq delisting notice
- On Oct 3, 2024, Company amended settlement agreements to extend final payment of $1,289,668.37 from Sept 30 to Oct 31, 2024.
- On Oct 2, 2024, Nasdaq notified Company of non-compliance with minimum bid price rule for 30 consecutive business days ended Oct 1, 2024.
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DBG guides FY2026 revenue $55-65M, FCF $2.5-3.5M; also Jul'26-Jun'27 rev $100-115M, FCF $10-12M
FY 2026 revenue guidance $55M-$65M; free cash flow guidance $2.5M-$3.5M.
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Digital Brands Group enters ATM agreement for up to $100M in common stock with Aegis Capital
Up to $100M aggregate offering price of common stock through Aegis Capital as sales agent.
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Digital Brands Group amends warrant agreements; expects $2.5M from early exercises by May 31
Amendments to prior letter agreements with four warrant holders executed April 14, 2026.
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Digital Brands Group enters $3M NIL consulting deal with Athlete Capital Sports
Agreement with Athlete Capital Sports for consulting on Penn State NIL program; term 3 years.
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DBGI secures $1.54M from warrant exercise, extends remaining warrants to June 17, 2026
2,365,968 existing warrants exercised at $0.66/share, netting $1.54M; 9,634,032 replaced with new warrants expiring June 17, 2026 at same strike.
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Exclusive 3-year term to manufacture University of Mississippi apparel (excluding jerseys, polo shirts, collared shirts, quarter zips, and certain NIL items).
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Digital Brands Group amends PIPE to add $1.5M, extends registration deadline
Issued 1,875 additional Series D preferred shares at $1,150 stated value for $1.5M cash.
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Digital Brands Group closes $11.2M PIPE offering of Series D Convertible Preferred Stock
Raised ~$11,225,000 from sale of ~14,031 Series D Preferred shares at $800/share; proceeds held in segregated account pending conditions.
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Exclusive Alabama agreement: $1M stock/year for 3 years for manufacturing select apparel for University of Alabama.
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Digital Brands Group reports pro forma equity of $11.3M after offerings, exceeding $5M threshold
Pro forma total stockholders' equity of $11.3M, up from $(1.33M) deficit after $12.585M in equity issuances.
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Digital Brands Group reports pro forma stockholders' equity above $5M after equity offerings
Pro forma adjustment of $12.6M to additional paid-in capital from several equity issuances since Dec 31, 2024.
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Digital Brands Group pro forma equity rises to $13.8M, exceeds $5M threshold
Pro forma stockholders' equity adjusted to $13,768,340 from $19,046 at Sept 30, 2024 via equity offerings.
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Digital Brands Group applies for national exchange uplisting; closes $7.5M capital raise
Submitted application to list common stock on a national securities exchange; approval not guaranteed.
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Digital Brands Group raises ~$7.5M in registered offering of units with stock and warrants
Gross proceeds of ~$7.5M from sale of 11.4M units at $0.66/unit.
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DBGI prices $7.5M public offering of common stock and warrants
Offering of 11.36 million units at $0.66 per unit, including common stock/pre-funded warrants plus two warrants.
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Digital Brands Group enters three financings totaling ~$582K in gross proceeds
Issued $121,900 promissory note to 1800 Diagonal lending; net proceeds $106,000 after $15,900 OID.
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Nasdaq to delist Digital Brands Group (DBGI) stock effective Dec 18, 2024
Nasdaq notified company on Dec 16, 2024 of delisting; trading suspended at open Dec 18, 2024.
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Digital Brands Group announces 1-for-50 reverse stock split to regain Nasdaq compliance
Reverse split effective Dec 13, 2024; common stock trades split-adjusted from market open.
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Digital Brands Group shareholders approve reverse stock split of up to 1:50
All five director nominees elected: John Hilburn Davis IV, Mark T. Lynn, Trevor Pettennude, Jameeka Green Aaron, Huong "Lucy" Doan.
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Digital Brands Group receives Nasdaq delisting notice over equity deficiency; hearing Dec 3
Received Nasdaq notice for failing $2.5M stockholders' equity requirement; reported equity of $19,046 in Q3 10-Q/A.
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Digital Brands Group Q3 net revenue down 27% YoY to $2.4M; net loss improves to $3.5M
Net revenues of $2.4M vs $3.3M a year ago; drop due to exiting low-margin wholesale account.
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DBG partners with VaynerCommerce; digital revenues up 34% in first 17 days
Partnership with VaynerCommerce began Oct 21, 2024; initial 17-day period (Oct 22–Nov 7) shows 34% rise in daily digital revenue.
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DBG pays off $1.3M in convertible notes, retiring all convertible debt
Paid $1.3M to extinguish remaining convertible notes; no convertible debt remains.
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Digital Brands corrects erroneous issuance of 1.31M shares; outstanding count reduced to 28.98M
Errant issuance of 1,311,345 shares upon conversion of October 2023 promissory note violated Nasdaq Rule 56353(d).
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Digital Brands Group receives Nasdaq delisting notice over improper share issuance and bid price
Nasdaq Staff determined non-compliance with Rule 56353(d) due to erroneous issuance of 1,311,345 shares without shareholder approval.
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Digital Brands Group raises ~$3M via stock and pre-funded warrant offering
Issued 6,233,650 common shares at $0.10/share and 24,109,350 pre-funded warrants at $0.0999 each.
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Digital Brands Group prices $3M public offering at $0.10 per share
Pricing of 30M shares/pre-funded warrants at $0.10 per share for gross proceeds of $3M.
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Digital Brands Group erroneously issued 1.3M shares violating Nasdaq rule; shares being cancelled
Issued 1,311,345 shares of common stock to a note holder upon conversion of promissory note between Oct 3-15, 2024.
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On Oct 3, 2024, Company amended settlement agreements to extend final payment of $1,289,668.37 from Sept 30 to Oct 31, 2024.
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Digital Brands Q2 revenue drops to $3.4M; net loss $3.5M; pays off $5M debt
Net revenue of $3.4M, down 24% YoY from $4.5M, due to no digital advertising spend.
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Digital Brands Group reports 144% order increase for DSTLD after launching new BYOB DTC strategy
DSTLD orders rose 144% since mid-June launch of new 'Build Your Own Bundle' (BYOB) strategy.
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Digital Brands cures Nasdaq equity deficiency; panel monitor extended to June 2025
Stockholders' equity was $1.6 million at Dec 31, 2023, below Nasdaq's $2.5 million minimum.
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Digital Brands Group settles $1.79M notes with investors; $500k due May 28, $1.29M due Sep 30
Aggregate settlement of $1,789,668.37 to extinguish promissory notes (original principal ~$2.5M).
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Digital Brands raises $3.2M via warrant exercises, believes Nasdaq equity compliance restored
Q1 10-Q filed May 20 showed stockholders' equity of $2.98M.
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Digital Brands Group raises $3.2M via warrant exercise; issues new warrants at $2.88
Closed exercise of 1,027,750 shares at reduced price of $3.13 per share.
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Gross proceeds ~$3.2M from immediate cash exercise of 1,027,750 warrants at reduced exercise price of $3.13 per share.
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Stockholders' equity of $1,602,592 as of Dec 31, 2023, below Nasdaq's $2,500,000 Equity Rule minimum.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event other_material