M&A - Digital Brands Group, Inc.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225002360

Filing Summary: Digital Brands Group, Inc. has entered into an Asset Purchase Agreement with Open Daily Technologies Inc. on April 1, 2025, to acquire certain intellectual property assets including patent applications, trademarks, and software products. The acquisition, valued at the issuance of 344,827 shares of common stock, closed on April 2, 2025. The agreement includes standard clauses regarding covenants, representations, warranties, and closing conditions, as well as non-competition and non-solicitation provisions. A press release announcing the acquisition was issued on the same day as the closing.

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