{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-003569","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.959095+00:00","generated_at":"2026-06-14T18:28:44.421559+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Volcon executes $4.93M convertible note private placement and $27.17M debt exchange","bullets":["Issued $4,934,782 in senior convertible notes (initial conversion price $2.54) and warrants for 5.8M shares at $1.09 exercise price.","Exchanged existing $27,173,913 Original Notes for Series A and Series B Exchange Notes plus Exchange Warrants.","Closing contingent on an underwritten public offering raising at least $5.0M; net proceeds to company ~$4.5M.","Eliminates $10M cash deposit requirement originally due Sept 30, 2023 under Original Notes.","Shareholder approval needed for price adjustments to Transaction Price; special meeting within 60 days of closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-003569","json":"https://secwatch.observer/filing/0001683168-23-003569.json","markdown":"https://secwatch.observer/filing/0001683168-23-003569.md","text":"https://secwatch.observer/filing/0001683168-23-003569.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823003569/0001683168-23-003569-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823003569/volcon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T18:28:44.421559+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1137fa21312c3430b34be23637dec64fc31f7736","claim":"Empery Digital Inc. entered into Securities Purchase and Exchange Agreement with certain institutional investors valued at approximately $4.5 million in gross proceeds (effective 2023-05-19).","evidence_excerpt":"On May 19, 2023, Volcon, Inc. (the “Company”) entered into a Securities Purchase and Exchange Agreement (the “Purchase Agreement”) with certain institutional investors","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823003569/0001683168-23-003569-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"approximately $4.5 million in gross proceeds"},{"label":"Effective","value":"2023-05-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}