Current Report Filing (8-k)
June 24 2021 - 3:17PM
Edgar (US Regulatory)
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2021-06-24
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2021-06-24
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DBGI:WarrantsEachExercisableToPurchaseOneShareOfCommonStockMember
2021-06-24
2021-06-24
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iso4217:USD
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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) June 24, 2021
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, TX
|
|
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
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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.
Item
7.01. Regulation FD Disclosure.
On June 24, 2021, Digital Brands
Group, Inc. (the “Company”) issued a press release to announce that it is launching an Amazon strategy this fall using
a marketing firm that specializes in Amazon marketplaces. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated
by reference herein.
The information in this Item 7.01, including
Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed
to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless
of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the
materiality of any information of the information in this Item 7.01, including Exhibit 99.1.
Forward-Looking Statements
Certain statements made herein are “forward-looking
statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”,
“estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current
analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying
on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations
or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking
statements: the occurrence of any event, change or other circumstances that could give rise to the terms of the Letter of Intent not hereafter
being reflected in a definitive agreement;; the inability to complete the transactions contemplated by the Letter of Intent and any definitive
agreement entered into by the parties; costs related to the proposed transaction; changes in applicable laws or regulations; the ability
of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined
company to pursue a growth strategy and manage growth profitability; the possibility that the combined company may be adversely affected
by other economic, business, and/or competitive factors; the effect of the COVID-19 pandemic on the Company and Stateside and their ability
to enter into a definitive agreement for the transaction or to consummate the transaction; and other risks and uncertainties described
herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities
and Exchange Commission by the Company.
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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Digital Brands Group, Inc.
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Date: June 24, 2021
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By:
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/s/ John Hilburn Davis IV
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Name: John Hilburn Davis IV
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Title: Chief Executive Officer
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