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Digital Brands Group, Inc. entered into a Lock-Up and Leak-Out Agreement with the majority holder of its Series D…
DBGIDigital Brands Group, Inc.
Digital Brands Group, Inc. entered into a Lock-Up and Leak-Out Agreement with the majority holder of its Series D Convertible Preferred Stock on July 17, 2026. This agreement establishes a 180-day restricted period during which the holder cannot dispose of common stock, except through leak-out provisions limited to 3% of daily trading volume. The agreement serves as consideration for the company amending the Series D Certificate of Designations to reset the Floor Price. The new Floor Price is defined as 20% of the lower of the closing price immediately preceding the amendment or the five-day average closing price. Digital Brands Group, Inc. is a digital marketing and brand management company.