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 December 1, 2025. The report discloses events occurring as of November 28, 2025, specifically regarding an update to the Company's stock repurchase program.
Key Financial Metrics
This filing does not contain standard financial statements (revenue, profit, cash flow, or margins). The primary financial data relates to capital allocation and share structure:
- Stock Repurchase Program: Total authorized amount of $150 million.
- Shares Repurchased: 13,675,782 shares as of November 28, 2025.
- Average Purchase Price: $6.99 per share (including fees and commissions).
- Remaining Authorization: Approximately $54 million available for future repurchases.
- Shares Outstanding: 37,744,453 shares (after giving effect to the potential exercise of 3,913,538 pre-funded warrants).
Material Changes
The filing reports a material update to the Company's capital structure through the execution of its share buyback program. Since the inception of the program, the Company has utilized approximately $96 million of the authorized $150 million, reducing the remaining capacity to roughly $54 million. The filing does not provide comparative data against a prior period for these specific repurchase 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 document serves solely to update investors on the status of the previously announced stock repurchase program.
Investor Verification Checklist
- Verify the current trading price of EMPD against the $6.99 average repurchase price to assess the valuation at which shares were bought back.
- Confirm the exact number of pre-funded warrants outstanding and their exercise terms to understand the potential dilution impact on the 37,744,453 share count.
- Review the attached Exhibit 99.1 (Press Release) for any additional qualitative details regarding the rationale for the repurchases.
- Check subsequent filings for updates on the remaining $54 million authorization and whether the program has been extended or terminated.