secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001683168-24-003060
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon Q1 2024 net loss $26M on warrant revaluation; Stag deliveries begin
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- Revenue $1.03M, flat QoQ; gross margin negative $0.59M.
- Net loss $26.05M includes $19.8M loss on warrant liabilities revaluation.
- Adjusted EBITDA loss $4.1M, improved from $9.4M in Q4 2023.
- First Stag deliveries began in May 2024; Nasdaq compliance extension until June 24, 2024.
- Company cancels Runt LT launch; evaluating new two-wheel products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316824003060/0001683168-24-003060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316824003060/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer