Form 8-K
8-K — Digital Brands Group, Inc.
Accession: 0001493152-26-034260
Filed: 2026-07-22
Period: 2026-07-17
CIK: 0001668010
SIC: 5600 (RETAIL-APPAREL & ACCESSORY STORES)
Item: Material Modifications to Rights of Security Holders
Item: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-3.1 (ex3-1.htm)
EX-99.1 (ex99-1.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): July 17, 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)
(IRS
Employer
Identification
Number)
350
Texas Ave, Suite 250, Round Rock, TX 78664
(Address
of principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: (212) 524-6860
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:
☐
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
3.03 Material Modification to Rights of Security Holders.
To
the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as defined below) contained in Item
5.03 of this Current Report on Form 8-K is incorporated by reference herein.
Item
5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
July 15, 2026, the board of directors of Digital Brands Group, Inc., a Nevada corporation (the “Company”), approved a reverse
stock split of the Company’s authorized, issued and outstanding shares of common stock, par value $0.0001 per share (“Common
Stock”), at a ratio of 1-for-40 (the “Reverse Stock Split”). Pursuant to Section 78.207 of the Nevada Revised Statutes
(the “NRS”), no stockholder approval of the Reverse Stock Split was required.
On
July 20, 2026, the Company filed a Certificate of Change with the Nevada Secretary of State (the “Certificate of Change”)
to effectuate the Reverse Stock Split. A copy of the Certificate of Change is attached as Exhibit 3.1 hereto and is incorporated herein
by reference.
The
Reverse Stock Split will become effective at 12:01 a.m., Eastern Time, on July 24, 2026. Upon the opening of trading on July 24, 2026,
the Common Stock will begin trading on a post-split basis under CUSIP number 25401N 606.
As
a result of the Reverse Stock Split, proportionate adjustments will be made to the number of shares of Common Stock underlying the Company’s
outstanding equity awards and the number of shares issuable under the Company’s equity incentive plans and certain existing agreements,
as well as the exercise, grant and acquisition prices of such equity awards, as applicable. In addition, proportionate adjustments will
be made to the Company’s outstanding warrants, resulting in each warrant becoming exercisable for one fortieth (1/40th) of a share
of Common Stock. Furthermore, proportionate adjustments will be made to the conversion factor at which the Company’s convertible
preferred stock may be converted into Common Stock.
Prior
to the Reverse Stock Split, the Company was authorized to issue (i) 1,000,000,000 shares of Common Stock, par value $0.0001 per share.
As a result of the Reverse Stock Split, the Company will be authorized to issue 25,000,000 shares of Common Stock. The par value per
share of the Common Stock will remain unchanged at $0.0001 per share.
Item
8.01. Other Events.
On
July 17, 2026, the Company issued a press release with respect to the Reverse Stock Split, which is being filed as Exhibit 99.1 to this
Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
Number
Description
3.1
Certificate of Change, filed on July 20, 2026
99.1
Press Release, dated July 17, 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, as amended, 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 22, 2026
By:
/s/
John Hilburn Davis IV
Name:
John
Hilburn Davis IV
Title:
President
and Chief Executive Officer
EX-3.1
EX-3.1
Filename: ex3-1.htm · Sequence: 2
Exhibit 3.1
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 3
Exhibit
99.1
Digital
Brands Group Announces 1-for-40 Reverse Stock Split to Solidify Continued Nasdaq Compliance; Reduces Outstanding Common Stock Float To
Approximately 557,000 Shares
Austin,
Texas – July 17, 2026 – DBGI Corp. (NASDAQ:DBGI) (the “Company”), a publicly traded company specializing in eCommerce
and fashion today announced to solidify its long-term market footing, that it will effect a 1-for-40 reverse stock split (the “Reverse
Stock Split”) of its common stock, par value $0.0001 per share (“Common Stock”).
The
Reverse Stock Split is intended to increase the closing bid price of the Common Stock above $1.00 per share, and to enable the Company
to manage continued compliance with The Nasdaq Capital Market (“Nasdaq”) Listing Rule 5550(a)(2).
The
Reverse Stock Split will become effective on July 24, 2026, at 12:01 a.m., Eastern Time, and the Common Stock will open for trading on
Nasdaq on a reverse split-adjusted basis under the existing ticker symbol “DBGI.” Following the execution of the Reverse
Stock Split, the new CUSIP number for the Common Stock will be 25401N 606. The Reverse Stock Split reduces the number of shares of outstanding
Common Stock from approximately 23 million shares to approximately 575,000 shares. At the effective time of the Reverse Stock Split,
every forty shares of Common Stock either issued and outstanding or held as treasury stock will be automatically reclassified into one
new share of Common Stock. The total number of shares of Common Stock authorized for issuance will be reduced by a corresponding proportion
from 1,000,000,000 shares to 25,000,000 shares of Common Stock. The par value per share of the Common Stock will remain unchanged at
$0.0001 per share.
No
fractional shares will be issued in connection with the Reverse Stock Split. Fractional shares resulting from the Reverse Stock Split
will be rounded up to the nearest whole share.
Clear
Trust LLC is acting as transfer and exchange agent for the Reverse Stock Split. Registered stockholders who hold shares of Common Stock
are not required to take any action to receive post-Reverse Stock Split shares. Stockholders owning shares via a broker, bank, trust
or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker’s
particular processes, and will not be required to take any action in connection with the Reverse Stock Split.
The
Company, in coordination with its specialized legal counsel and ShareIntel, is monitoring all clearinghouse ledger adjustments on a continuous
daily basis to ensure absolute transparency, equity registry accuracy, and regulatory compliance throughout this transition period.
About
Digital Brands Group
We
offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business
model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer’s “closet share”
by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.
Digital
Brands Group, Inc. Company Contact
Hil
Davis, CEO
Email:
invest@digitalbrandsgroup.co
Forward-looking
Statements
The
information in this press release includes “forward-looking statements” within the meaning of the safe harbor provisions
of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified
by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,”
“assumes,” “may,” “should,” “will,” “seeks” or other similar expressions.
Such statements may include, but are not limited to, statements about the Reverse Stock Split and the timing thereof, as well as the
trading of the Common Stock, the Company’s ability to increase its closing bid price above $1.00 per share of Common Stock and
its ability to manage compliance with the minimum bid price requirement for continued listing on Nasdaq. These statements are based on
current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results
to differ significantly. Further information on factors that could cause DBG’s actual results to differ materially from the results
anticipated by DBG’s forward-looking statements is included in the reports the Company has filed with the U.S. Securities and Exchange
Commission. DBG does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new
developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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Brands Group, Inc.
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