---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-003688"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:54:23.129029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Volcon closes $9M combined public offering and private placement of convertible notes

## Summary
- Priced public offering of 6,000,000 shares at $0.75, raising gross proceeds of $4.5M; net proceeds ~$4.0M.
- Concurrent private placement: $4.9M senior convertible notes (9-month) and warrants to purchase ~5.5M shares at $1.09.
- Exchanged $27.2M of existing notes for new notes with conversion prices $1.09 and $0.75; warrants exchanged for 17.1M shares exercisable at $1.09.
- Conversion/exercise prices subject to shareholder approval to adjust to $0.75.
- Aegis Capital Corp. acted as sole book-runner and placement agent.

## SEC filing metadata
- accession: 0001683168-23-003688
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316823003688/0001683168-23-003688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316823003688/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-003688
- JSON: https://secwatch.observer/filing/0001683168-23-003688.json
- Plain text: https://secwatch.observer/filing/0001683168-23-003688.txt

## Key facts
- Material Agreements
  Empery Digital Inc. entered into Underwriting Agreement with Aegis Capital Corp. valued at approximately $4.0 million (effective 2023-05-22).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Aegis Capital Corp.
  - Value: approximately $4.0 million
  - Effective: 2023-05-22
  source text: On May 22, 2023, Volcon, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (the “Underwriter”), in connection with a public offering (the “Offering”) of an aggregate of 6,000,000 shares (the “Shares”) of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823003688/0001683168-23-003688-index.htm

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