Volcon announces 1-for-8 reverse stock split effective Nov 8, 2024

Empery Digital Inc.

Reverse split at ratio of 1:8; post-split shares outstanding reduced from ~4.49M to ~0.56M.
Effective at 11:59 p.m. ET Nov 8; trading on Nasdaq on post-split basis begins Nov 11 under VLCN.
No fractional shares issued; fractional holdings rounded up to nearest whole share.
Authorized shares unchanged at 250 million; CUSIP changes to 92864V509.
Historical per-share net loss amounts retroactively adjusted for the split.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Empery Digital Inc.: Amendment to certificate of incorporation to effect a 1-for-8 reverse stock split of common stock (effective 2024-11-08).

Change: charter amendment
Effective: 2024-11-08

Exact text from the filing

Pursuant to such authority granted by the Company’s stockholders, the Company’s board of directors approved a one-for-eight (1:8) reverse stock split (the “Reverse Stock Split”) of the Company’s common stock and the filing of the Amendment to effectuate the Reverse Stock Split. The Amendment was filed with the Secretary of State of the State of Delaware and the Reverse Stock Split will become effective in accordance with the terms of the Amendment at 11:59 p.m. Eastern Time on November 8, 2024 (the “Effective Time”).

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Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-007809

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