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 October 6, 2025. The report covers events occurring as of October 3, 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, cash flow, or margin 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 Oct 3, 2025): 5,911,309 shares.
- Average Purchase Price: $7.55 per share.
- Remaining Authorization: Approximately $55 million.
Material Changes
The filing reports progress on the stock repurchase program authorized in July 2025. As of the reporting date, the Company has utilized approximately $45 million of the authorized $100 million, leaving roughly 55% of the program's capital available for future repurchases over the remaining 24-month period.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure of the repurchase program. 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 repurchased and the average price in the attached press release (Exhibit 99.1).
- Confirm the remaining duration of the 24-month repurchase window starting from July 25, 2025.
- Review the Company's most recent 10-Q or 10-K for comprehensive liquidity, debt, and operating results, as this 8-K does not provide them.
- Monitor future 8-K filings for updates on the remaining $55 million repurchase authorization.