Empery Digital Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Empery Digital Inc. (NASDAQ: EMPD) on October 27, 2025, regarding events occurring on October 24, 2025. The filing addresses updates to the Company's stock repurchase program under Item 8.01 Other Information.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, or debt figures. The primary financial data relates to capital allocation and share count:
- Stock Repurchase Program: $150 million authorized.
- Shares Repurchased: 9,429,509 shares as of October 24, 2025.
- Average Purchase Price: $7.46 per share (including fees and commissions).
- Remaining Authorization: Approximately $80 million available for future repurchases.
- Shares Outstanding: 41,990,726 shares (after giving effect to the potential exercise of 3,913,538 pre-funded warrants).
Material Changes
The material change reported is the reduction in the Company's share count and the utilization of approximately $70 million of the authorized repurchase program capacity since its inception. The filing does not provide comparative data to a prior period for these specific metrics.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of specific risks and contingencies beyond the standard disclosure of the repurchase activity. The Company is identified as an emerging growth company.
Investor Verification Checklist
- Verify the exact number of shares outstanding excluding the potential exercise of pre-funded warrants.
- Confirm the total cash spent on repurchases to date against the $150 million authorization.
- Review the attached Press Release (Exhibit 99.1) for any additional context on the timing or strategy of future repurchases.
- Check subsequent filings for updates on the remaining $80 million authorization balance.