secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-03-17T23:59:59+00:00
Accession:  0001683168-25-001632
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon Q4 2024 revenue $0.9M, net loss $5.2M; raises $19.5M in Feb 2025
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- Q4 2024 revenue $0.9M (vs Q3 $1.1M); net loss $5.2M; adjusted EBITDA loss $5.0M.
- Cost of goods sold includes $2.5M charge for Stag/EVO supply termination; gross margin negative.
- Raised $19.5M in Feb 2025 from ATM ($9.1M) and unit offering ($10.7M at $2/unit).
- Board authorized $2M share repurchase program in March 2025, expiring March 2026.
- Exclusive U.S. distribution for Super Sonic golf carts (Vietnam low tariff) and Venom supply with $2.4M PO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825001632/0001683168-25-001632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825001632/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001632

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