Volcon Inc SEC Filings

Empery Digital Inc. filed a current report to share an update on its stock repurchase activity and its current Bitcoin holdings. The company previously authorized a stock repurchase program on July 25, 2025, allowing it to buy back up to $100 million of its outstanding common stock over a 24‑month period. As of August 29, 2025, Empery Digital has repurchased 1,009,115 shares of common stock at an average price of $7.29 per share, and approximately $93 million remains available for additional repurchases under this program. The company furnished a press release with further details as an exhibit to this report.

Empery Digital Inc. has filed Prospectus Supplement No. 1 to update its existing resale prospectus covering 44,414,189 shares of common stock and additional shares issuable upon exercise of several warrant series. The registration relates to the resale or other disposition by selling stockholders of 44,414,189 outstanding shares, up to 5,728,662 shares underlying pre-funded warrants, up to 901,542 shares underlying a Gemini Warrant, up to 163,929 shares underlying Placement Agent Warrants, and up to 25,000 shares underlying a Consultant Warrant.

This supplement’s sole purpose is to correct the “Selling Stockholders” table for entities affiliated with Pantera Capital Partners LP. It clarifies that these Pantera-affiliated funds beneficially own 1,500,000 shares of common stock prior to the offering and may offer a maximum of 1,500,000 shares, after which their beneficial ownership would be zero. The document reiterates that investing in the company’s common stock is highly speculative and directs readers to detailed risk factors in the base prospectus.

Empery Digital Inc. (EMPD) director Rohan Kumar Chauhan reported a stock option grant. The Form 4 shows options granted on 07/17/2025 to buy 298,802 shares of common stock with a $10 exercise price. The options show an expiration or exercisable date of 07/17/2035 and are reported as directly owned. Vesting is tied to the issuer's daily VWAP: 20% vests at $10 and additional 20% increments until fully vested at a $30 VWAP. All vesting is explicitly subject to shareholder approval of a new stock option plan. The filing is signed by the reporting person on 08/25/2025.

Empery Digital Inc. filed an initial ownership report showing that director Rohan Kumar Chauhan does not beneficially own any of the company’s securities. The Form 3 lists no non-derivative or derivative holdings, and the explanation section explicitly states that no securities are beneficially owned. This establishes his starting ownership position as zero under the insider reporting rules.

Empery Digital Inc. filed an 8-K to share an update on its Bitcoin holdings and its previously announced stock repurchase program. The company’s board had authorized a stock repurchase program on July 25, 2025 allowing repurchases of up to $100 million of outstanding common shares over a 24‑month period. As of August 22, 2025, the company has repurchased 363,395 shares of common stock at an average price of $7.39 per share, and approximately $97 million remains available for future repurchases under this program. The update was provided in a press release dated August 25, 2025, which is included as an exhibit.

Empery Digital Inc. (EMPD) director Matthew Homer reported the acquisition of 298,802 stock options on 07/17/2025 with an exercise price of $10. The filing lists the options as directly beneficially owned following the transaction and shows a contractual vesting schedule tied to the company’s daily VWAP: 20% vests when VWAP reaches $10 and additional 20% tranches thereafter until fully vested at a VWAP of $30. All vesting is subject to stockholder approval of a new option plan. The Form 4 is signed by the reporting person on 08/21/2025.

Empery Digital Inc. (EMPD) filed an initial Form 3 reporting that Matthew Homer, identified as a Director, does not beneficially own any securities of the issuer as of the event date 07/17/2025. The filing is signed on 08/21/2025 and states the report was made by one reporting person. The form confirms the reporting person's address as 3121 Eagles Nest Street, Suite 120, Round Rock, TX 78665. No non-derivative or derivative holdings are listed.

Empery Digital Inc. entered into a committed borrowing facility that provides immediate access to $25 million to fund share repurchases under its previously announced $100 million share repurchase program. Drawdowns under this facility are at the sole option of the company, giving it discretion over when to borrow to support buybacks. The company also issued a press release on August 18, 2025 describing the new borrowing facility, which is furnished as an exhibit.

Empery Digital Inc. (formerly Volcon, Inc.) reported interim results showing improved liquidity but continued operating losses. Total assets rose to $17,936,815 from $6,226,503 a year earlier, driven by higher cash and cash equivalents of $11,793,028 and increased additional paid-in capital. For the six months ended June 30, 2025, revenue was $1,438,985 and the company recorded a net loss of $6,360,327, an improvement from a $26,654,462 loss in the prior year period. Operations consumed cash, with net cash used in operating activities of $7,230,924 in the six-month period.

The filing discloses a strategic shift and material subsequent transactions: the company adopted a Bitcoin treasury strategy (July 17, 2025), completed July 2025 Private Placements raising aggregate gross proceeds of $501 million (including 235.8279 BTC valued at ~$28.0 million) and expects to use net proceeds to acquire Bitcoin. The company also executed custody and services agreements with Gemini, made board and executive appointments, completed a 1-for-8 reverse stock split, and regained Nasdaq compliance on July 17, 2025 while remaining subject to ongoing monitoring.