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Form 8-K

sec.gov

8-K — Digital Brands Group, Inc.

Accession: 0001493152-26-028546

Filed: 2026-06-15

Period: 2026-06-09

CIK: 0001668010

SIC: 5600 (RETAIL-APPAREL & ACCESSORY STORES)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Unregistered Sales of Equity Securities

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-10.1 (ex10-1.htm)

EX-10.2 (ex10-2.htm)

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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 9, 2026

DIGITAL

BRANDS GROUP, INC.

(Exact

name of registrant as specified in its charter)

Nevada

001-40400

46-1942864

(State

or other jurisdiction

of

incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

Number)

350

Texas Ave, Suite 250, Round Rock, TX 78664

(Address

of principal executive offices) (Zip Code)

(212)

524-6860

(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 obligations of the registrant under

any of the following provisions.

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

Symbol(s)

Name

of each exchange on which registered

Common

Stock, par value $0.0001 per share

DBGI

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 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

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

1.01. Entry into a Material Definitive Agreement.

On

June 9, 2026, Digital Brands Group, Inc., a Nevada corporation (the “Company”), entered into a securities purchase agreement

(the “Purchase Agreement”) with 1800 Diagonal Lending, LLC (the “1800 Diagonal”), pursuant to which the 1800

Diagonal made a loan to the Company, evidenced by a promissory note in the aggregate principal amount of $238,050.00, including an original

issue discount of $13,050.00 (the “Note”) with additional tranches of up to $1,015,000.00 during the next twelve (12) months

subject to further agreement. The purchase price of the Note is $207,000.00 (the “Purchase Price”). The Purchase Agreement

contains certain customary representations, warranties, and covenants made by the Company. Under the Note, the Company is required to

make nine (9) payments of $29,624.00, which includes a one-time interest charge of twelve percent (12%) ($28,566.00). The first payment

is due on July 15, 2026, with eight subsequent payments due each month thereafter. The Note matures on March 15, 2027, and contains customary

events of default.

Upon

the occurrence of any event of default under the Note, (i) the Note will become immediately due and payable in an amount equal to 150%

times the outstanding principal and accrued interest under the Note plus default interest at the rate of twenty-two percent (22%) per

annum (the “Default Amount”), and (ii) 1800 Diagonal will have the right to convert the balance owed under the Note, including

the Default Amount, into shares of common stock of the Company (“Common Stock”) at a conversion price equal to 61% of the

lowest closing bid price during the ten trading days prior to the conversion date. The Note provides that 1800 Diagonal and its affiliates

may not own greater than 4.99% of the Company’s outstanding shares of Common Stock at any time, and that the total aggregate number

of shares of Common Stock that may be issued upon conversion of the Note shall not exceed 19.99% of the shares of Common Stock outstanding

as of June 9, 2026.

The

Company received the Purchase Price minus applicable fees on June 10, 2026, and intends to use the proceeds from the Note for general

working capital purposes.

The

foregoing descriptions of the Note and Purchase Agreement do not purport to be complete and are subject to, and qualified in their entirety

by, the full text of each document, attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.

Item

2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The

information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item

3.02 Unregistered Sales of Equity Securities.

To

the extent required by Item 3.02 of Form 8-K, the information contained in Item 1.01of this Current Report on Form 8-K is incorporated

herein by reference. The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the

“Securities Act”), for the private placement of the securities pursuant to Section 4(a)(2) of the Securities Act and/or Regulation

D promulgated thereunder because, among other things, the transaction did not involve a public offering, each recipient is an accredited

investor, each recipient acquired the securities for investment and not resale, and the Company took appropriate measures to restrict

the transfer of the securities.

Item

9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

10.1

Securities Purchase Agreement between the Company and 1800 Diagonal, dated as of June 9, 2026

10.2

Promissory Note issued by the Company to 1800 Diagonal, dated June 9, 2026

104

Cover Page Interactive Data File (embedded within the

Inline XBRL document)

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.

Dated: June 12, 2026

By:

/s/ John

Hilburn Davis IV

Name:

John Hilburn Davis IV

Title:

President and Chief Executive Officer

EX-10.1

EX-10.1

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Exhibit

10.1

EX-10.2

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Exhibit

10.2

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Cover

Jun. 09, 2026

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