---
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"
generated_at: "2026-06-09T06:12:01.361953+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Volcon reduces warrant exercise price to $0.01/share, receives $346,500 cash from three holders

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007474
- JSON: https://secwatch.observer/filing/0001683168-23-007474.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007474.txt

## Key facts
- Material Agreements
  Empery Digital Inc. entered into Inducement Letter with three holders of the Company’s existing warrants valued at $346,500 (effective 2023-10-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: three holders of the Company’s existing warrants
  - Value: $346,500
  - Effective: 2023-10-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316823007474/0001683168-23-007474-index.htm

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