{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007128","form_type":"8-K","ticker":"EMPD","cik":"0001829794","company_name":"Empery Digital Inc.","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.197258+00:00","generated_at":"2026-05-17T06:08:26.258199+00:00","sec_items":["2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Empery Digital secures $50M Bitcoin-backed repo facility; ups buyback facility to $35M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007128","json":"https://secwatch.observer/filing/0001683168-25-007128.json","markdown":"https://secwatch.observer/filing/0001683168-25-007128.md","text":"https://secwatch.observer/filing/0001683168-25-007128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829794/000168316825007128/0001683168-25-007128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829794/000168316825007128/empery_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:08:26.258199+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55a404b4542a5ca534d8410ab4c3c439a39ac140","claim":"Empery Digital Inc. incurred debt of up to $50.00 million with NYDIG Funding LLC at 8.5% maturing August 31, 2026.","evidence_excerpt":"NYDIG Funding LLC (the “ Buyer ”) and a related transaction confirmation (such confirmation, together with the MRA, the “ Repo Facility ”). The Repo Facility provides up to $50.00 million in advances in exchange for purchased securities in the form of Bitcoin (BTC). Advances under the Repo Facility accrue interest at per annum rate equal to 8.5%. The initial","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829794/000168316825007128/0001683168-25-007128-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"up to $50.00 million"},{"label":"Counterparty","value":"NYDIG Funding LLC"},{"label":"Rate","value":"8.5%"},{"label":"Maturity","value":"August 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}