Digital Brands Group, Inc. (DBGI) Form 8-K — Jul 17, 2026
Digital Brands Group entered into a Lock-Up and Leak-Out Agreement with the holder of a majority of its Series D Convertible Preferred Stock, restricting sales for 180 days. The agreement allows the holder to sell up to 3% of the daily trading volume during this restricted period, subject to potential waivers by the company. Concurrent with the agreement, the company filed a Certificate of Amendment to reset the conversion floor price of the Series D Preferred Stock. The new floor price is set at 20% of the lower of the closing price immediately preceding the amendment or the average closing price for the five trading days preceding it.
Key figures
- Floor price percent
- 20%
- Lock up period days
- 180
- Leak out cap percent
- 3%
Price after filing
Close on the filing date to close N calendar days later (from $0.70). Historical, not a forecast.
AI analysis
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