Digital Brands Group prices USD 3.53 million convertible note offering

Reuters2026/07/24 16:38

By:Reuters

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Digital Brands Group entered a USD 3.53 million unsecured convertible promissory note offering on July 23, 2026.
USD 3 million subscription amount, structured as USD 3 million divided by 0.85; proceeds earmarked for working capital, liability repayment.
Note matures Jan. 23, 2027; scheduled repayments of USD 1 million in October, November, December 2026, then USD 529,412 in January 2027.
Default interest set at 20% per year; event of default triggers a mandatory payment of 120% of outstanding amounts.
Note converts only during an event of default at 90% of recent lows, subject to beneficial ownership limits, Nasdaq 19.99% cap.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digital Brands Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-034517), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Digital Brands Group prices USD 3.53 million convertible note offering

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