Digital Brands Group, Inc. 8-K

What Happened

• Digital Brands Group, Inc. (DBGI) announced in an 8-K (Item 8.01) and a press release dated June 18, 2026 that approximately 9.6 million outstanding cash warrants expired on June 17, 2026.
• These expirations follow the cancellation of about 7.1 million pre-funded warrants earlier in the week of June 15, 2026. In total, the company says roughly 16.7 million potential shares of dilution were removed over a three-day period.
• The company filed the press release as Exhibit 99.1 to the Form 8-K.

Key Details

• ~9.6 million cash warrants expired on June 17, 2026.
• ~7.1 million pre-funded warrants were cancelled earlier in the week of June 15, 2026.
• Aggregate reduction in warrant-based dilution: ~16.7 million shares over three days.
• Disclosure made via Form 8-K (Item 8.01) and press release (Exhibit 99.1) on June 18, 2026.

Why It Matters

• Removing these warrants eliminates a meaningful potential supply of new shares that could have diluted existing shareholders’ ownership if exercised.
• This change may improve clarity around the company’s outstanding share count and capital structure; the filing does not provide financial results or quantify cash impact.
• Investors should note this is an administrative change (expiration/cancellation of warrants) disclosed by the company, not an earnings report or an indication of future performance.