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Wednesday, May 18, 2022 2:48:00 PM
The Division
requests that the registration of Digital Brand’s securities be revoked, noting the company’s
period of delinquency and arguing that, although the company has now filed the overdue reports,
the reports contain deficiencies, the company prioritized other matters over timely filings in
using its limited resources, and the company’s unchanged parlous financial situation, which has
required periodic infusions of outside funding for urgent matters, suggests that the problem will
recur in the future.
This Initial Decision is based on the existing record and the Commission’s public official
records concerning Digital Brand, of which official notice is taken pursuant to 17 C.F.R. §
201.323.3
All arguments and proposed findings and conclusions that are inconsistent with this
decision were considered and rejected.
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