Form 8-K - Current report
29 July 2023 - 7:25AM
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2023-07-27
2023-07-27
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported)
July 27, 2023
DIGITAL BRANDS GROUP, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or Other Jurisdiction of Incorporation)
001-40400 |
|
46-1942864 |
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
1400 Lavaca Street, Austin, |
|
78701 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
(209) 651-0172
(Registrant’s
Telephone Number, Including Area Code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
Symbols |
Name
of each exchange on which
registered |
Common Stock, par value $0.0001 |
DBGI |
The Nasdaq Stock Market LLC |
Warrants, each exercisable to purchase one share of Common Stock |
DBGIW |
The Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company x
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
On July 27, 2023, Digital Brands Group, Inc. (the “Company”)
received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”)
has granted the Company’s request for continued listing on Nasdaq subject to the Company’s compliance with the minimum $1.00
bid price and $2.5 million stockholders’ equity requirements for continued listing on The Nasdaq Capital Market, as set forth in
Nasdaq Listing Rules 5550(a) and 5550(b), respectively, through September 6, 2023, and September 15, 2023, respectively. The Company is
diligently working to timely evidence compliance with the terms of the Panel’s decision; however, there can be no assurance that
the Company will be able to do so.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
DIGITAL BRANDS GROUP, INC. |
|
|
|
Date: July 28, 2023 |
|
|
|
|
|
|
By: |
/s/ John Hilburn Davis IV |
|
Name: |
John Hilburn Davis IV |
|
Title: |
President and Chief Executive Officer |
v3.23.2
Cover
|
Jul. 27, 2023 |
Document Information [Line Items] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jul. 27, 2023
|
Entity File Number |
001-40400
|
Entity Registrant Name |
DIGITAL BRANDS GROUP, INC.
|
Entity Central Index Key |
0001668010
|
Entity Tax Identification Number |
46-1942864
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1400 Lavaca Street
|
Entity Address, City or Town |
Austin
|
Entity Address, State or Province |
TX
|
Entity Address, Postal Zip Code |
78701
|
City Area Code |
209
|
Local Phone Number |
651-0172
|
Written Communications |
false
|
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|
Pre-commencement Tender Offer |
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|
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|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Common Stock [Member] |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Common Stock, par value $0.0001
|
Trading Symbol |
DBGI
|
Security Exchange Name |
NASDAQ
|
Warrants, each exercisable to purchase one share of Common Stock [Member] |
|
Document Information [Line Items] |
|
Title of 12(b) Security |
Warrants, each exercisable to purchase one share of Common Stock
|
Trading Symbol |
DBGIW
|
Security Exchange Name |
NASDAQ
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