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. (formerly Volcon, Inc.) on July 31, 2025. The filing discloses a corporate name change, a ticker symbol change to "EMPD" on the NASDAQ Capital Market, and an update regarding the Company's Bitcoin holdings.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, or debt levels. The only financial data disclosed relates to the Company's Bitcoin treasury:
- Total Bitcoin Holdings: 3,803.23 BTC
- Aggregate Purchase Price: Approximately $448 million
- Average Purchase Price: $117,706 per BTC
- Recent Acquisition: 303.04 BTC acquired for $35.6 million since July 28, 2025
Material Changes
Effective July 31, 2025, the Company changed its name from "Volcon, Inc." to "Empery Digital, Inc." and its ticker symbol to "EMPD." Additionally, the Company increased its Bitcoin holdings by 303.04 BTC, representing a significant capital deployment of $35.6 million in a three-day period.
Outlook, Risks, and Management Commentary
Management commentary is limited to the execution of the name change and the update on Bitcoin accumulation. The filing notes that the CUSIP for the Common Stock did not change. No specific guidance, risk factors, or contingencies beyond the inherent risks of holding cryptocurrency are detailed in this specific 8-K text.
Investor Verification Checklist
- Verify the new ticker symbol "EMPD" on the NASDAQ Capital Market.
- Confirm the total Bitcoin holdings of 3,803.23 BTC and the aggregate cost basis of $448 million.
- Review the attached Press Release (Exhibit 99.1) for additional context on the strategic rationale for the name change and Bitcoin strategy.
- Check subsequent filings for the impact of the $35.6 million Bitcoin purchase on the Company's liquidity and cash position.