secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001683168-23-006312
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon corrects Q2 adjusted EBITDA loss to $4.2M; Stag launch delayed to Q4 2023
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- Revenue $519k, down $0.7M from Q1 2023; net loss $23.0M includes $22.3M loss on extinguishment.
- Adjusted EBITDA loss (corrected) $4.2M vs previously reported; GAAP figures unchanged.
- Stag pre-orders exceed $115M in expected revenue; launch pushed to Q4 2023 from Q3.
- Grunt EVO production started; deliveries expected in September 2023; Runt LT in Q4 2023.
- Assembly moved from Mesa, AZ to Puebla, Mexico; dealer count stable at 142, Canadian expansion deferred to 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823006312/0001683168-23-006312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316823006312/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006312

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer