Empery Digital Inc. Form 8-K Summary
Business Context and Reporting Period
Empery Digital Inc. (NASDAQ: EMPD), an emerging growth company incorporated in Delaware, filed this Current Report on Form 8-K on November 24, 2025. The report covers events occurring as of November 21, 2025, specifically regarding the Company's stock repurchase program.
Key Financial Metrics
This filing does not contain standard financial statements (revenue, profit, cash flow, or margins). The primary financial data relates to capital allocation and share count:
- Stock Repurchase Program: Total authorized amount of $150 million.
- Shares Repurchased: 12,875,918 shares as of November 21, 2025.
- Average Purchase Price: $7.10 per share (including fees and commissions).
- Remaining Authorization: Approximately $55 million available for future repurchases.
- Shares Outstanding: 38,544,317 shares (after giving effect to the potential exercise of 3,913,538 pre-funded warrants).
Material Changes
The filing reports a material update to the Company's capital structure through the execution of its share buyback program. The reduction in shares outstanding and the utilization of approximately $95 million of the authorized repurchase budget represent the primary material change disclosed in this report.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the standard disclosures inherent in a stock repurchase update. The Company indicated that the repurchase program remains active with significant capital remaining for future transactions.
Investor Verification Checklist
- Verify the current trading price of EMPD relative to the $7.10 average repurchase price.
- Confirm the exact number of shares outstanding excluding the potential exercise of pre-funded warrants.
- Review the attached Press Release (Exhibit 99.1) for any additional qualitative details on the repurchase strategy.
- Check subsequent filings for updates on the remaining $55 million repurchase authorization.