Financing ·
On June 9, 2026, Digital Brands Group, Inc. entered into a securities purchase agreement and promissory note with 1800…
DBGIDigital Brands Group, Inc.
On June 9, 2026, Digital Brands Group, Inc. entered into a securities purchase agreement and promissory note with 1800 Diagonal Lending, LLC for a principal amount of $238,050, with a purchase price of $207,000. The loan includes a 12% one-time interest charge and is repayable in nine monthly installments of $29,624 starting July 15, 2026, maturing March 15, 2027. The agreement allows for additional tranches up to $1,015,000 over the next 12 months. In the event of default, the balance becomes due at 150% of outstanding principal and interest plus 22% annual default interest, with a conversion right into common stock at 61% of the lowest closing bid price from the preceding ten trading days. Proceeds are for general working capital. The company operates in the digital branding and marketing industry.