On August 13, 2025, Digital Brands Group, Inc. completed a private investment in public equity (PIPE Offering) raising approximately $11.23 million by issuing about 14,031.25 shares of Series D Convertible Preferred Stock, convertible into common stock at a discount of 80% of the lowest closing price over the prior five days. This event is significant for the company and is categorized under 'Changes in capital structure.'