secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001683168-25-007245
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empery Digital executes $50M Bitcoin-backed term loan; repurchases 4.45M shares at avg $7.48
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- $50M Term Loan (maturity Aug 31, 2026) used to repay existing facility in full with zero prepayment fees and fund share repurchases.
- As of Sep 25, 2025, 4,446,844 shares repurchased at avg $7.48; ~$67M remains under $100M program.
- Bitcoin (BTC) used as collateral for the repurchase agreement.
- Management committed to increasing bitcoin per share through accretive buybacks below NAV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825007245/0001683168-25-007245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316825007245/empery_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007245

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