Volcon 1:5 reverse stock split, issues warrants to supplier GLV, terminates COO

Empery Digital Inc.

1:5 reverse stock split effective Oct 13; shares reduced from ~33.55M to ~6.71M. Trading begins Oct 16 under VLCN.
Issued 2M warrants to GLV Ventures at $0.4199 exercise price for extended payment terms; 1M vested immediately, remaining vest in 45 days.
Reduced exercise price on up to 973,000 existing warrants to lesser of $1.75 or current; inducement period through Oct 27.
Eliminated COO position and terminated Stephanie Davis on Oct 10; duties assumed by other management.
Stag UTV trim packages released; dealer/consumer orders being updated, cancelable until delivery.

item 1.01 item 5.02 item 3.02 item 3.03 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Stephanie Davis

chief operating officer

EMPD · Empery Digital Inc.

Effective: 2023-10-10
Filed: October 16, 2023, 7:59 PM ET

On October 10, 2023, the Company eliminated the position of chief operating officer, and terminated Stephanie Davis, the Company’s chief operating officer, from that position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephanie Davis was terminated as chief operating officer at Empery Digital Inc..

Action: terminated
Role: chief operating officer

Exact text from the filing

On October 10, 2023, the Company eliminated the position of chief operating officer, and terminated Stephanie Davis, the Company’s chief operating officer, from that position.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Empery Digital Inc.: Amended certificate of incorporation to effect a 1-for-5 reverse stock split, effective October 13, 2023 (effective 2023-10-13).

Change: charter amendment
Effective: 2023-10-13

Exact text from the filing

The Amendment was filed with the Secretary of State of the State of Delaware and the Reverse Stock Split became effective in accordance with the terms of the Amendment at 4:01 p.m. Eastern Time on October 13, 2023 (the “Effective Time”).

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13 governance changes filed in the last 30 days. Browse all governance changes →

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-007174

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