{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-007474","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.826309+00:00","generated_at":"2026-06-09T06:12:01.361953+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Volcon reduces warrant exercise price to $0.01/share, receives $346,500 cash from three holders","bullets":["Entered inducement letter with three warrant holders to lower exercise price from $1.369 to $0.01 per share.","Received aggregate cash payment of $346,500 in exchange for repricing 350,000 shares of common stock.","Warrant shares are registered under effective Form S-1 (File No. 333-272564) and will be issued without legends.","Shares deliverable via DTC within 1 business day of exercise; other warrant terms remain unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-007474","json":"https://secwatch.observer/filing/0001683168-23-007474.json","markdown":"https://secwatch.observer/filing/0001683168-23-007474.md","text":"https://secwatch.observer/filing/0001683168-23-007474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007474/0001683168-23-007474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007474/volcon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:12:01.361953+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":"0dd42b2e341547b3cdf679c63d4363bfb640ae3b","claim":"Empery Digital Inc. entered into Inducement Letter with three holders of the Company’s existing warrants valued at $346,500 (effective 2023-10-30).","evidence_excerpt":"On October 30, 2023, in an effort for Volcon, Inc. (the “Company”) to raise cash, the Company entered into an inducement offer letter agreement (the “Inducement Letter”) with three holders (each, a “Holder”) of the Company’s existing warrants amended and restated on May 24, 2023 (the “Existing Warrants”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316823007474/0001683168-23-007474-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"three holders of the Company’s existing warrants"},{"label":"Value","value":"$346,500"},{"label":"Effective","value":"2023-10-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}