Empery Digital closes $25 million registered direct offering

Empery Digital Inc. (NASDAQ: EMPD) completed a $25 million registered direct offering with an existing institutional investor, according to a company statement.

The offering included 4,638,219 shares of common stock and accompanying warrants at a combined price of $5.39 per share, representing approximately 103% of the company's net asset value at signing. The warrants carry an exercise price of $6.27 per share, are immediately exercisable, and expire four years from issuance.

The company plans to use net proceeds along with cash on hand to reduce outstanding debt, including full repayment of its $50 million repo facility and an incremental draw on another existing credit facility. This will result in approximately $40 million net debt reduction.

"Our understanding and skill set is critical to efficiently and effectively operating a treasury strategy, including by continuing to identify opportunities to execute an accretive transaction at a price above NAV while repurchasing shares below NAV," said Ryan Lane, Co-Chief Executive Officer.

Empery Digital did not use a placement agent for the transaction and will not pay placement or advisory fees. The securities were offered under a shelf registration statement declared effective by the Securities and Exchange Commission on September 19, 2025.

The Austin, Texas-based company employs a bitcoin treasury strategy focused on digital asset management through blockchain technology.

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