secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001683168-25-005160
Event type: other_material
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 3.01, 3.02, 5.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005160/0001683168-25-005160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005160/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-005160

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