---
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"
generated_at: "2026-06-09T23:30:08.251078+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 3.02, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007174
- JSON: https://secwatch.observer/filing/0001683168-23-007174.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007174.txt

## Key facts
- Executive change
  Stephanie Davis was terminated as chief operating officer at Empery Digital Inc..
  - Action: terminated
  - Role: chief operating officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/0001683168-23-007174-index.htm
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007174/0001683168-23-007174-index.htm

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