secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001683168-24-003631
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon exchanges Series B warrants for 0.81 shares each, removes anti-dilution provisions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/0001683168-24-003631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316824003631/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-003631

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