EMPD
Empery Digital Inc.4.4000
+0.1900+4.51%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
148.86MP/E (TTM)
0.01Basic EPS (TTM)
346.73Dividend Yield
0%Recent Filings
10-K
FY2025 results
Empery Digital launched its Bitcoin treasury strategy mid-FY2025, raising $501M via private placement (including $28M BTC) to acquire 4,081 BTC at average cost $117,516/BTC, but Q4 saw BTC drop to $87,464 causing $108.6M unrealized loss (derived)—79% of annual operating expenses. Revenue fell 76% y/y to $975K from two-wheel products amid four-wheel divestiture to Venom; Q4 operations showed ongoing losses but strategic shift to inventory financing. Q4 repurchased 8.5M shares for $96M funded by $100M BTC-collateralized debt at ~8%, leaving $100M outstanding. No 2026 guidance disclosed. Bitcoin price volatility threatens collateral calls.
8-K
$25M NAV-premium raise
Empery Digital inked a $25M registered direct offering on March 23, 2026, selling 2.6M shares (or pre-funded warrants) at $5.39—103% of NAV—to institutional investors, with closing set for March 24. Common warrants for 4.6M shares carry a $6.27 exercise price (120% NAV), expiring in four years. Proceeds will slash debt by $40M via full $50M repo repayment. Locked out of new equity for 30 days.
8-K
Loan amendment frees BTC collateral
Empery Digital amended its master loan agreement with Two Prime Lending on February 10, 2026, hiking interest from 6.5% to 7.5% per annum while slashing collateral requirements from 250% to 174% of borrowings. This frees up 350 BTC immediately, plus more by February 20, for sales or repurchases. Shares outstanding now 35.5 million after buying back 15.9 million at $6.63 average.
8-K
Repurchased 15.4M shares, sold BTC
Empery Digital repurchased 15,403,738 shares under its $200 million program at $6.71 average, leaving 36 million outstanding as of February 6, 2026. It sold 357.7 BTC at $67,907 average for ~$24 million proceeds to fund buybacks and repay debt amid bitcoin volatility, retaining 3,723.7 BTC. Management targets NAV gap closure. Volatility threatens holdings.
8-K
Rights plan vs. activist buildup
Empery Digital adopted a one-year shareholder rights plan on February 3, 2026, triggered by ATG Capital's rapid stake buildup from 5.6% to over 10%, with rights exercisable if any holder hits 12.5% ownership. Board simultaneously boosted its share repurchase program by $50 million to $200 million total, with $102 million left after repurchasing 14.3 million shares at $6.90 average. Defends against stealth control grabs.
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