Volcon raises ~$500M via private placement, appoints new board and CEO, initiates Bitcoin treasury strategy

Empery Digital Inc.

Private placement of ~44.4M shares at $10/share + 5.7M pre-funded warrants; proceeds to buy Bitcoin for digital asset treasury.
Ryan Lane (Empery Asset Management) appointed Chairman and Co-CEO; Ian Read (ex-Pfizer CEO), Rohan Chauhan, Matthew Homer join board.
Entered Gemini agreements for custody and execution services; will issue 901,542 warrants to Gemini.
Terminated Highbridge consultants agreement for $2M termination fee; amended ATM sales agreement to add $1B capacity.
Nasdaq deficiency: company believes it has met 20-day bid price compliance; awaits final determination.

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