secwatch.observer — SEC 8-K summary
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Issuer:     Empery Digital Inc. (EMPD)
CIK:        0001829794
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001683168-26-002114
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empery Digital raises $25M in registered direct offering at $5.39 (103% NAV); to repay $40M debt
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- Gross proceeds ~$25M from 4.64M shares (or pre-funded warrants) at $5.39 combined; warrants at $6.27 strike, 4-yr term.
- Net proceeds plus cash on hand to fully repay $50M Repo Facility and reduce debt by ~$40M (incremental $10M draw on Two Prime facility).
- Repurchased 22.35M shares under $200M program at avg $5.92; current shares ~33.7M after pre-funded warrants.
- Sold 63 BTC for ~$4.6M at avg $72,791 to fund repurchases; holds 3,439 BTC.
- No placement agent fees; closing expected Mar 24, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829794/000168316826002114/0001683168-26-002114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829794/000168316826002114/empery_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-002114

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