{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-007174","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2023-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.826039+00:00","generated_at":"2026-06-09T23:30:08.251078+00:00","sec_items":["1.01","5.02","3.02","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Volcon 1:5 reverse stock split, issues warrants to supplier GLV, terminates COO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-007174","json":"https://secwatch.observer/filing/0001683168-23-007174.json","markdown":"https://secwatch.observer/filing/0001683168-23-007174.md","text":"https://secwatch.observer/filing/0001683168-23-007174.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/0001683168-23-007174-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/volcon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T23:30:08.251078+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"95e6d4f073","claim":"Stephanie Davis was terminated as chief operating officer at Empery Digital Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/0001683168-23-007174-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"chief operating officer"}],"fact_type":"executive_change"},{"claim_id":"2e33fbaa464a0eb6d2d033576225e5c405c871fe","claim":"Empery Digital Inc.: Amended certificate of incorporation to effect a 1-for-5 reverse stock split, effective October 13, 2023 (effective 2023-10-13).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/0001683168-23-007174-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-10-13"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}