Volcon raises $18M in public offering; appoints new COO, director to step down

Empery Digital Inc.

Closed public offering of 6,666,667 shares on Feb 1, 2022; net proceeds $18,055,000 after underwriting costs.
Underwriter Aegis Capital received warrants for 5% of shares at 125% of offering price; 45-day overallotment lapsed.
Appointed Stephanie Davis as COO effective Jan 3, 2022, succeeding Bruce Riggs who resigned Dec 12, 2021.
Davis employment: $225K annual salary, $1,500/month living expenses for 6 months, 150K-share option vesting over 3 years.
Director Adrian James will not stand for re-election at the 2022 Annual Meeting; no disagreement with company.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Stephanie Davis

Chief Operating Officer

EMPD · Empery Digital Inc.

Effective: 2022-01-03
Filed: April 28, 2022, 7:59 PM ET

On January 6, 2022, the Board of Directors of the Company (the “ Board ”) approved the appointment of Stephanie Davis to Chief Operating Officer (the “ COO ”) of the Company, effective January 3, 2022.

Departed

Bruce Riggs

Chief Operating Officer

EMPD · Empery Digital Inc.

Effective: 2021-12-12
Successor: Stephanie Davis
Filed: April 28, 2022, 7:59 PM ET

Ms. Davis succeeded Bruce Riggs, who resigned as the Company’s COO, effective December 12, 2021.

Departed

Adrian James

Director

EMPD · Empery Digital Inc.

Filed: April 28, 2022, 7:59 PM ET

Director’s Decision Not to Stand for Re-Election

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephanie Davis was appointed as Chief Operating Officer at Empery Digital Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On January 6, 2022, the Board of Directors of the Company (the “ Board ”) approved the appointment of Stephanie Davis to Chief Operating Officer (the “ COO ”) of the Company, effective January 3, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bruce Riggs resigned as Chief Operating Officer at Empery Digital Inc..

Action: resigned
Role: Chief Operating Officer

Exact text from the filing

Ms. Davis succeeded Bruce Riggs, who resigned as the Company’s COO, effective December 12, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adrian James departed as Director at Empery Digital Inc..

Action: not to stand for re-election
Role: Director

Exact text from the filing

Director’s Decision Not to Stand for Re-Election

View on SEC.gov

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-002982

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