---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-005256"
form_type: "8-K"
ticker: "EMPD"
cik: "0001829794"
company_name: "Empery Digital Inc."
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:30:42.538117+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001683168-25-005256
- form_type: 8-K
- ticker: EMPD
- cik: 0001829794
- company_name: Empery Digital Inc.
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005256/0001683168-25-005256-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829794/000168316825005256/volcon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005256
- JSON: https://secwatch.observer/filing/0001683168-25-005256.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005256.txt

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