---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-008547"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2024-12-06T23:59:59+00:00"
generated_at: "2026-05-29T06:42:59.180744+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Volcon terminates supplier agreements with GLV Ventures; pays $125K/month for 22 months

## Summary
- Terminated three supplier agreements for Stag prototypes, Grunt EVO motorcycle, and Stag vehicle with GLV.
- Company to pay termination fee of $125,000 per month for 22 months (total $2.75M).
- Mutual indemnification for certain outstanding vendor payables between Volcon and GLV.
- Appointed Orn Olason as independent director; annual cash fee $50,000 plus $100,000 stock option (vesting 1 year).
- Option grant subject to shareholder approval of share increase under Volcon 2021 Stock Plan.

## SEC filing metadata
- accession: 0001683168-24-008547
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2024-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316824008547/0001683168-24-008547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316824008547/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-008547
- JSON: https://secwatch.observer/filing/0001683168-24-008547.json
- Plain text: https://secwatch.observer/filing/0001683168-24-008547.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.