---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-005160"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2025-07-17T23:59:59+00:00"
generated_at: "2026-05-18T05:59:54.714205+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-005160
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2025-07-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 3.01, 3.02, 5.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005160/0001683168-25-005160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005160/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005160
- JSON: https://secwatch.observer/filing/0001683168-25-005160.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005160.txt

## Key facts
- Listing & Compliance Notices
  Empery Digital Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: May 13, 2025, the Company received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that the minimum closing bid price per share for its common stock was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”).∙ Following a June 24, 2025, hearing with a Nasdaq Hearings Panel (the ”Panel”), the Panel issued its determination, indicating the Company shall demonstrate complian
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005160/0001683168-25-005160-index.htm

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