SEC Form 8-K filed by Digital Brands Group Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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| Item 8.01 | Other Events. |
On July 6, 2026, Digital Brands Group, Inc. (the “Company”) announced that it has retained the law firm of Christian Attar, a market manipulation and naked short litigation firm located in Houston, Texas, to investigate potential naked short selling and other market manipulation of the Company’s common stock.
In June 2026, the Company engaged Shareholder Intelligence Services, LLC (“ShareIntel”) to support efforts to investigate and address potentially illegal trading activity, including suspected naked short selling and market manipulation involving the Company’s common stock. ShareIntel will track shareholder data, including share ownership, purchases, sales, and custody by individuals, institutions, broker-dealers, clearing agents, and custodians.
The decision to retain outside counsel and engage ShareIntel follows an internal review of trading patterns that raised concerns regarding potential violations of securities laws. The suspected violations include, among other things: naked shorting, spoofing, market manipulation, collusion, acting in concert, multiple violations of the 4.99% beneficial ownership threshold rule, the use of foreign silent partners as nominees, and transfer agent discrepancies.
The Company has stated that it intends to thoroughly investigate and, if warranted, aggressively pursue through counsel any party responsible for losses to the Company or its shareholders. The Company and its legal team intend to provide all evidence gathered to the appropriate authorities, including the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and the Ontario Securities Commission.
A copy of the press release issued by the Company on July 6, 2026 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s plans to investigate potential illegal trading activity, its intent to pursue legal action, and its intent to provide evidence to regulatory authorities. These statements are based on the Company’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements.
Factors that could cause actual results to differ materially include, but are not limited to: the outcome of any investigation or legal proceedings; the ability to identify and prove alleged illegal trading activity; the responses of regulatory authorities; changes in applicable laws and regulations; general market and economic conditions; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number | Description | |
| 99.1 | Press Release dated July 6, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DIGITAL BRANDS GROUP, INC. | ||
| Date: July 8, 2026 | By: | /s/ John Hilburn Davis IV |
| Name: | John Hilburn Davis IV | |
| Title: | President and Chief Executive Officer | |