---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-002982"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:35:24.542739+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-22-002982
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/0001683168-22-002982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-002982
- JSON: https://secwatch.observer/filing/0001683168-22-002982.json
- Plain text: https://secwatch.observer/filing/0001683168-22-002982.txt

## Key facts
- Executive change
  Stephanie Davis was appointed as Chief Operating Officer at Empery Digital Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/0001683168-22-002982-index.htm
- Executive change
  Bruce Riggs resigned as Chief Operating Officer at Empery Digital Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: Ms. Davis succeeded Bruce Riggs, who resigned as the Company’s COO, effective December 12, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/0001683168-22-002982-index.htm
- Executive change
  Adrian James departed as Director at Empery Digital Inc..
  - Action: not to stand for re-election
  - Role: Director
  source text: Director’s Decision Not to Stand for Re-Election
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/0001683168-22-002982-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.