Empery Digital Inc. Reports New Financial Obligation
Ticker: EMPD · Form: 8-K · Filed: Sep 26, 2025 · CIK: 1829794
Sentiment: neutral
Topics: debt-issuance, corporate-action, filing-update
TL;DR
Empery Digital Inc. just took on a new debt, filing an 8-K on 9/26/25.
AI Summary
On September 26, 2025, Empery Digital Inc. filed an 8-K report detailing the creation of a direct financial obligation. The filing also includes other events and financial statements, with the company's fiscal year ending on December 31st. Empery Digital Inc. was formerly known as Volcon, Inc. until a name change on July 31, 2025.
Why It Matters
This filing indicates Empery Digital Inc. has entered into a new financial commitment, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces potential risk related to the company's ability to meet its debt commitments.
Key Players & Entities
- Empery Digital Inc. (company) — Registrant
- Volcon, Inc. (company) — Former company name
- September 26, 2025 (date) — Date of earliest event reported
- July 31, 2025 (date) — Date of name change from Volcon, Inc.
- December 31 (date) — Fiscal year end
FAQ
What type of direct financial obligation did Empery Digital Inc. create?
The filing states the creation of a direct financial obligation but does not specify the exact nature or terms of the obligation in the provided text.
When did Empery Digital Inc. officially change its name from Volcon, Inc.?
Empery Digital Inc. officially changed its name from Volcon, Inc. on October 23, 2020, and prior to that, it was known as Empery Digital, Inc. until July 31, 2025.
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report the creation of a direct financial obligation by the registrant, along with other events and financial statements.
Where is Empery Digital Inc. headquartered?
Empery Digital Inc. is headquartered at 3121 Eagles Nest, Suite 120, Round Rock, TX 78665.
What is Empery Digital Inc.'s SIC code?
Empery Digital Inc.'s Standard Industrial Classification (SIC) code is 3711, which corresponds to MOTOR VEHICLES & PASSENGER CAR BODIES.
Filing Stats: 679 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-09-26 08:30:27
Key Financial Figures
- $0.00001 — h registered Common Stock , par value $0.00001 per share EMPD NASDAQ Indicate by
- $50.00 million — 31, 2026 (the " Term Loan ") providing $50.00 million in advances in exchange for purchased s
- $100 million — that the Company could repurchase up to $100 million of the Company's outstanding shares of
- $7.48 — an average purchase price per share of $7.48 and approximately $67 million remains a
- $67 million — ce per share of $7.48 and approximately $67 million remains available for repurchase under
Filing Documents
- empery_8k.htm (8-K) — 29KB
- empery_ex9901.htm (EX-99.1) — 11KB
- 0001683168-25-007245.txt ( ) — 206KB
- empd-20250926.xsd (EX-101.SCH) — 3KB
- empd-20250926_lab.xml (EX-101.LAB) — 33KB
- empd-20250926_pre.xml (EX-101.PRE) — 22KB
- empery_8k_htm.xml (XML) — 4KB
03 Creation of a Direct Financial Obligation or an Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off Balance Sheet Arrangement of a Registrant. Master Repurchase Agreement As previously disclosed, on September 19, 2025, Empery Digital Inc. (the " Company ") entered into an agreement to enter into a Master Repurchase Agreement (the " MRA ") and a related transaction confirmation (such confirmation, together with the MRA, the " Repo Facility ") with NYDIG Funding LLC (the " Buyer "). On September 26, 2025, pursuant to the MRA, the Company executed the Repo Facility with a maturity date of August 31, 2026 (the " Term Loan ") providing $50.00 million in advances in exchange for purchased securities in the form of Bitcoin (BTC) . The Term Loan will be used to repay outstanding borrowings under the existing borrowing facility in full with zero prepayment fees and provide additional capital for share repurchases.
01 Other Information
Item 8.01 Other Information. On September 26, 2025, the Company issued a press release announcing its execution of the Repo Facility confirmation and providing an update on repurchases by the Company under the Company's stock repurchase program. As previously announced, on July 25, 2025, the Company announced that its board of directors authorized a stock repurchase program such that the Company could repurchase up to $100 million of the Company's outstanding shares of common stock, par value $0.00001 per share over a 24-month period. As of September 25, 2025, 4,446,844 shares of the Company's common stock have been repurchased by the Company under the stock repurchase program at an average purchase price per share of $7.48 and approximately $67 million remains available for repurchase under this program. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated September 26, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Empery Digital Inc. (Registrant) Date: September 26, 2025 /s/ Greg Endo Greg Endo Chief Financial Officer 3