Accredited Investor

Digital Brands Group (DBGI) secured $1.5M in additional PIPE financing by issuing 1,875 Series D Convertible Preferred Stock shares to a new investor. These shares convert to common stock at 80% of the lowest closing price in the five days before conversion. DBGI will file a resale registration statement by December 1, 2025. The deal provides needed capital, but the conversion terms could dilute existing shareholders due to the discount to market price. Second closing is expected around September 26, 2025.