secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001683168-25-005371
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Volcon holds 3,183 BTC (~$375M) & authorizes $100M share repurchase
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- Holds 3,183.37 BTC bought for ~$375M, avg price $117,697/BTC.
- Board authorized up to $100M share repurchase over 24 months, effective through July 24, 2027.
- Sold short-term put contracts at $115k-$117k to potentially buy more BTC and collect premium.
- Treasury strategy aims to offer efficient BTC exposure through public equity structure.
- Repurchase program to support NAV/share and add BTC per share when trading below NAV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005371/0001683168-25-005371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825005371/volcon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-005371

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