secwatch.observer — SEC 8-K summary
======================================

Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001683168-25-001246
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon enters supply agreement with Venom-EV for gold carts; initial order $2.36M, potential 5% equity dilution
--------------------------------------------------------------------------------

- Volcon appointed exclusive supply representative for Venom-EV's gold carts; purchases up to $3.0M from manufacturer Whanlong.
- Initial purchase order: 500 vehicles for $2.36M; net 90 payment terms; Volcon earns 3% fee per order.
- For each 1,000 units purchased, Volcon issues Venom 1% of outstanding shares, capped at 5,000 units or June 30, 2026.
- Board committee changes: Audit Committee chaired by Karin-Joyce Tjon; Compensation Committee chaired by Jonathan Foster; Nominating & Governance chaired by Karin-Joyce Tjon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825001246/0001683168-25-001246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825001246/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001246

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