debt
confidence high
sentiment positive
materiality 0.75
Empery Digital secures $50M Bitcoin-backed repo facility; ups buyback facility to $35M
Empery Digital Inc.
- Entered $50M Master Repurchase Agreement with NYDIG Funding LLC, advances secured by Bitcoin, interest at 8.5% per annum, matures August 31, 2026.
- Amended committed borrowing facility from $25M to $35M for share repurchases; net proceeds from repo facility will repay existing facility in full.
- Repurchased 3,522,233 shares at average $7.35 under $100M program; ~$74M remains available for repurchases.
- Management intends to use incremental capital from repo facility for accretive share buybacks below NAV.
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