secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001683168-22-002982
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/0001683168-22-002982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316822002982/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-002982

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