Business Context and Reporting Period
This Form 8-K Current Report was filed by Volcon, Inc. (now Empery Digital Inc.) on July 28, 2025. The filing announces a corporate name change and provides an update on the company's Bitcoin holdings.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the company's cryptocurrency assets:
- Bitcoin Holdings: 3,500.18 BTC
- Aggregate Purchase Price: Approximately $412 million
- Average Effective Purchase Price: Approximately $117,683 per BTC
Material Changes
The primary material change is the amendment of the Company's Certificate of Incorporation to change its name from "Volcon, Inc." to "Empery Digital Inc." effective July 30, 2025. Additionally, the Company's common stock ticker symbol on the Nasdaq Capital Market will change from "VLCN" to "EMPD," with trading under the new symbol expected to commence on July 31, 2025. The CUSIP number remains unchanged.
Guidance, Outlook, and Risks
The filing includes a Regulation FD disclosure regarding a press release on Bitcoin holdings but does not provide forward-looking guidance, management commentary on future operations, or specific risk factors beyond the inherent nature of holding cryptocurrency. The name change does not affect stockholder rights.
Investor Verification Checklist
- Verify the effective date of the name change and ticker symbol switch (July 30-31, 2025).
- Confirm the current market value of the 3,500.18 BTC holdings against the stated $412 million aggregate cost basis.
- Review the attached press release (Exhibit 99.1) for any additional details on the Bitcoin strategy not included in the summary.
- Check the CUSIP number to ensure it remains unchanged despite the ticker symbol update.