Volcon Inc SEC Filings

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. (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. (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.