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 September 15, 2025. The report discloses events occurring as of September 12, 2025, specifically regarding the status of the Company's stock repurchase program.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, or cash flow data. The only financial metrics disclosed relate to the stock repurchase program:
- Total Repurchase Authorization: $100 million (authorized July 25, 2025).
- Shares Repurchased (as of Sept 12, 2025): 2,582,256 shares.
- Average Purchase Price: $7.26 per share.
- Remaining Authorization: Approximately $81 million.
Material Changes
The material change reported is the execution of share repurchases under the program authorized in July 2025. As of the reporting date, the Company has utilized approximately $19 million of the authorized $100 million, leaving roughly 81% of the program capacity available.
Guidance, Outlook, and Risks
The filing provides no forward-looking guidance, management commentary on operations, or discussion of risks and contingencies beyond the standard disclosure of the repurchase activity. The program is scheduled to run over a 24-month period from the July 2025 authorization date.
Investor Verification Checklist
- Verify the exact number of shares repurchased and the average price in the attached Press Release (Exhibit 99.1).
- Confirm the remaining duration of the 24-month repurchase window.
- Review the Company's most recent 10-Q or 10-K for comprehensive liquidity and debt metrics not included in this 8-K.
- Monitor future 8-K filings for updates on the pace of repurchases or program termination.