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 3, 2025. The report discloses events occurring as of October 31, 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 structure:
- Stock Repurchase Program: $150 million authorized.
- Shares Repurchased: 10,160,795 shares as of October 31, 2025.
- Average Purchase Price: $7.42 per share (including fees and commissions).
- Remaining Authorization: Approximately $76 million available for future repurchases.
- Shares Outstanding: 41,259,440 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 buyback program. The reduction in shares outstanding and the utilization of approximately $74 million of the authorized repurchase budget represent the primary changes since the program's inception.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operational outlook, or specific risk factors beyond the standard disclosure of the repurchase activity. The company noted that the press release detailing this update is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the exact number of shares outstanding excluding the potential exercise of pre-funded warrants.
- Confirm the remaining cash balance on the balance sheet to assess liquidity after the $74 million in repurchases.
- Review the attached press release (Exhibit 99.1) for any additional context on the timing or strategy of future repurchases.
- Check subsequent filings for any changes to the $76 million remaining authorization.