Volcon shareholders approve reverse stock split authorization and warrant provisions

Empery Digital Inc.

Reverse split authorized at ratio between 1-for-2 and 1-for-45, board discretion, effective within one year.
Warrant stockholder approval provisions passed, allowing warrant exercises without separate shareholder vote.
Over 64% of outstanding shares (8.28M of 12.83M) were represented at the special meeting.
All three proposals, including an adjournment measure, received stockholder approval.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Empery Digital Inc. shareholders approved To approve an amendment to the Company's certificate of incorporation to authorize a reverse stock split at a ratio between 1-for-2 to 1-for-45 at the 2024-01-12 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2024-01-12

Exact text from the filing

Proposal 2: To approve an amendment to the Company's amended and restated certificate of incorporation to grant our Board of Directors authority to effect a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse stock split ratio of between 1-for-2 to 1-for-45 (or any whole number in between), as determined by the Board in its sole discretion, prior to the one-year anniversary of the Special Meeting (the “Reverse Split Proposal”). For Against Abstain Broker Non-Vote 7,798,972 447,523 30,483 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Empery Digital Inc. shareholders approved To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Nasdaq Proposal and/or the Reverse Split Proposal at the 2024-01-12 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2024-01-12

Exact text from the filing

Proposal 3: To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Nasdaq Proposal and/or the Reverse Split Proposal. For Against Abstain Broker Non-Vote 7,823,467 285,511 168,000 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Empery Digital Inc. shareholders approved To approve the Warrant Stockholder Approval Provisions for purposes of complying with Nasdaq Listing Rule 5635(d) at the 2024-01-12 meeting.

Outcome: passed
Meeting: 2024-01-12

Exact text from the filing

Proposal 1: For purposes of complying with Nasdaq Listing Rule 5635(d), to approve the Warrant Stockholder Approval Provisions described in detail in the Proxy Statement (collectively, the “Nasdaq Proposal”). For Against Abstain Broker Non-Vote 2,408,595 70,307 4,710,645 1,087,431

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Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-000261

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