{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-001263","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.801285+00:00","generated_at":"2026-06-05T04:55:40.066311+00:00","sec_items":["1.01","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Volcon exchanges ~$24.68M convertible notes for Series A preferred, eliminating substantial debt","bullets":["Exchanged $24.68M aggregate principal of senior convertible notes for Series A convertible preferred shares at $1,000 per share.","Preferred Stock pays no dividends, has no operational covenants, and is not redeemable except upon change of control.","Preferred convertible into common at $1.33 per share; voting rights equal to common shares upon conversion.","Exchange removes substantially all debt from balance sheet; relies on Section 3(a)(9) exemption from registration.","Holders received one share of Preferred per $1,000 principal; conversion price subject to adjustment for dilutive issuances or reverse splits."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-001263","json":"https://secwatch.observer/filing/0001683168-24-001263.json","markdown":"https://secwatch.observer/filing/0001683168-24-001263.md","text":"https://secwatch.observer/filing/0001683168-24-001263.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824001263/0001683168-24-001263-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824001263/volcon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:55:40.066311+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":"32696ed1f10383df12621f13b58fcfeb7915f8d6","claim":"Empery Digital Inc. entered into Exchange Agreements with holders of all of its senior convertible notes valued at approximately $24.68 million aggregate principal amount of Notes (effective 2024-03-03).","evidence_excerpt":"On March 3, 2024, Volcon, Inc. (the “Company”) entered into Exchange Agreements (each, an “Agreement”) with the holders of all of its senior convertible notes (the “Notes”), pursuant to which the holders agreed to exchange approximately $24.68 million aggregate principal amount of Notes for shares of the Company’s Series A convertible preferred stock (the “Preferred Stock”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824001263/0001683168-24-001263-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"holders of all of its senior convertible notes"},{"label":"Value","value":"approximately $24.68 million aggregate principal amount of Notes"},{"label":"Effective","value":"2024-03-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}