Volcon stockholders approve Nasdaq Proposal allowing conversion of notes at adjusted prices

Empery Digital Inc.

Shareholders approved issuance of shares on conversion of Series A Notes and adjustment of conversion/exercise prices to $0.75.
Modification of Floor Price definitions from $2.54/$1.09 to $0.22 in Notes, Warrants, and Exchange Notes was approved.
Vote: 14,664,984 For, 1,266,505 Against, 132,027 Abstain on Nasdaq Proposal; 52.47% of shares present.
Adjournment proposal also approved as a backup to solicit additional proxies if needed.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Empery Digital Inc. shareholders approved Approval to adjourn the special meeting to solicit additional proxies if necessary at the 2023-08-03 meeting.

Outcome: passed
Meeting: 2023-08-03

Exact text from the filing

was approved based upon the following votes: For Against Abstain Broker Non-Vote 14,725,610 1,200,282 137,624 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Empery Digital Inc. shareholders approved Approval of issuance of shares upon conversion of notes, adjustment of conversion/exercise prices, and modification of floor price definitions (Nasdaq Proposal) at the 2023-08-03 meeting.

Outcome: passed
Meeting: 2023-08-03

Exact text from the filing

The Nasdaq Proposal was approved based upon the following votes: For Against Abstain Broker Non-Vote 14,664,984 1,266,505 132,027 0

View on SEC.gov

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Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-005261

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