{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-003631","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.489981+00:00","generated_at":"2026-06-01T16:47:50.081036+00:00","sec_items":["1.01","3.02","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Volcon exchanges Series B warrants for 0.81 shares each, removes anti-dilution provisions","bullets":["Amended Series B warrants to delete anti-dilution price adjustments and permit cashless exercise at 0.81x ratio.","Exchanged 13,777,011 Series B warrants for ~11.2M shares (or pre-funded warrants) at 0.81 per warrant.","Exchange conducted under Section 3(a)(9) exemption; shares issued without restrictive legends.","Warrant amendments and exchange reduce potential dilution from 1:1 warrant exercise to 0.81:1.","Agreements filed as exhibits; all material non-public information disclosed via Form 8-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-003631","json":"https://secwatch.observer/filing/0001683168-24-003631.json","markdown":"https://secwatch.observer/filing/0001683168-24-003631.md","text":"https://secwatch.observer/filing/0001683168-24-003631.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/0001683168-24-003631-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/volcon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T16:47:50.081036+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":"506c167f42364ee1156a9cfd8ca95f7e843bf4cd","claim":"Empery Digital Inc. entered into Exchange Agreement with certain holders of Series B Warrants to purchase an aggregate of 13,777,011 shares of common stock valued at Exchange of Series B Warrants for shares of common stock (or pre-funded warrants) at a ratio of 0.81 (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, after giving effect to the Warrant Amendment, the Company and certain holders of Series B Warrants to purchase an aggregate of 13,777,011 shares of common stock (the “Holders”) entered into separate exchange agreements (the “Agreements”) pursuant to which the Company agreed to exchange the Series B Warrants held by the Holders for shares of Company common stock (or, at the option of the Holder, pre-funded warrants) at a ratio of 0.81 shares of Company common stock (or, at the option of the Holder, pre-funded warrants) for each whole Series B Warrant.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/0001683168-24-003631-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain holders of Series B Warrants to purchase an aggregate of 13,777,011 shares of common stock"},{"label":"Value","value":"Exchange of Series B Warrants for shares of common stock (or pre-funded warrants) at a ratio of 0.81"},{"label":"Effective","value":"2024-05-17"}]},{"claim_id":"96d0af6851623ab81f63f0303178b334f02c0b70","claim":"Empery Digital Inc. entered into Warrant Amendment with holders of a majority-in-interest of the Company’s Series B warrants valued at All outstanding Series B Warrants amended to delete provisions for adjustment of exercise price and (effective 2024-05-17).","evidence_excerpt":"On May 17, 2024, Volcon, Inc. (the “Company”) entered into separate warrant amendment agreements (collectively, the “Warrant Amendment”) with the holders of a majority-in-interest of the holders of the Company’s Series B warrants issued on November 17, 2023 (the “Series B Warrants”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/0001683168-24-003631-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"holders of a majority-in-interest of the Company’s Series B warrants"},{"label":"Value","value":"All outstanding Series B Warrants amended to delete provisions for adjustment of exercise price and"},{"label":"Effective","value":"2024-05-17"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}