Volcon closes $501M private placement, launches bitcoin treasury strategy, holds 280 BTC

Empery Digital Inc.

Closed private placement with gross proceeds of ~$501M; issued 44.4M shares and pre-funded warrants for 5.7M shares.
Plans to allocate >95% of net proceeds to BTC; currently holds 280.14 BTC; additional purchases commenced via Gemini.
Company intends to change name to Empery Digital, Inc. and ticker to EMPD; power sports business to become Empery Mobility.
Appointed Ryan Lane as Co-CEO & Chairman; Ian Read (ex-Pfizer CEO) and others to board.
Granted performance-based stock options to three new executives at $10.00 exercise price (COO, VP Legal, Crypto Controller).

item 7.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.