secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001683168-25-005256
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005256/0001683168-25-005256-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005256/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-005256

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