---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-006458"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:35:31.782634+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volcon commences public offering; note amendment extends maturity, eases covenants

## Summary
- Commences underwritten public offering of shares; Aegis Capital Corp. as sole book-runner; 45-day over-allotment option for up to 15%.
- Waiver from investors allows offering; if offering price below $0.55, conversion price of $42.8M notes drops to $0.55, shares increase to 58.4M.
- Note Amendment: maturity extended from Feb 2024 to Jan 2025; cash requirement reduced to $5M by June 2024.
- Added covenant: sell at least 250 Volcon Stag offroad vehicles by Dec 31, 2023; allowed up to $10M factoring debt with subordination.

## SEC filing metadata
- accession: 0001683168-23-006458
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316823006458/0001683168-23-006458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316823006458/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006458
- JSON: https://secwatch.observer/filing/0001683168-23-006458.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006458.txt

## Key facts
- Debt Financings
  Empery Digital Inc. amended convertible notes with Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP maturing extend the maturity date from February 24, 2024 to January 31, 2025.
  - Instrument: convertible notes
  - Counterparty: Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP
  - Maturity: extend the maturity date from February 24, 2024 to January 31, 2025
  - Event: amendment
  source text: On September 14, 2023, the Company entered into a note amendment (the “Note Amendment”) with the Investors pursuant to which the Investors agreed to take the following actions with respect to the Notes: (i) to extend the maturity date from February 24, 2024 to January 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823006458/0001683168-23-006458-index.htm
- Material Agreements
  Empery Digital Inc. entered into Waiver and Modification Agreement with Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP (effective 2023-09-14).
  - Action: entry
  - Counterparty: Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP
  - Effective: 2023-09-14
  source text: On September 14, 2023, the Company entered into a Waiver and Modification Agreement (the “Waiver Agreement”) with the Investors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823006458/0001683168-23-006458-index.htm
- Material Agreements
  Empery Digital Inc. amended Note Amendment with Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP (effective 2023-09-14).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP
  - Effective: 2023-09-14
  source text: On September 14, 2023, the Company entered into a note amendment (the “Note Amendment”) with the Investors pursuant to which the Investors agreed to take the following actions with respect to the Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823006458/0001683168-23-006458-index.htm

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