Volcon enters $6M factoring agreement with Prestige Capital Finance

Empery Digital Inc.

Prestige pays 80% of eligible US powersport dealer invoice values immediately.
Maximum fee approximately 5% if financed over full 90-day eligibility period.
Remaining 20% less fees paid upon collection by Prestige; full recourse on nonpayment.
Initial availability $6 million; can be increased to support future sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Empery Digital Inc. entered into Agreement with Prestige Capital Finance, LLC valued at $6 million (effective 2023-10-06).

Action: entry
Agreement: credit facility
Counterparty: Prestige Capital Finance, LLC
Value: $6 million
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, Volcon, Inc. (the “Company”) entered into a factoring agreement (the “Agreement”) with Prestige Capital Finance, LLC (“Prestige”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-007099

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