Empery Digital raises $25 million in registered direct offering

Empery Digital Inc. (NASDAQ: EMPD) announced it entered into a definitive agreement with an institutional investor for a $25 million registered direct offering. The company will sell 4,638,219 shares of common stock and accompanying warrants at a combined price of $5.39 per share.

The warrants carry an exercise price of $6.27 per share, are exercisable immediately, and expire four years from issuance. The offering is expected to close on or about March 24, 2026, subject to customary closing conditions.

Empery Digital plans to use net proceeds along with cash on hand to reduce outstanding debt by approximately $40 million. This includes full repayment of a $50 million repo facility and an additional $10 million draw on its existing $100 million credit facility with Two Prime.

The company has repurchased 22,352,084 shares under its $200 million share repurchase program at an average price of $5.92 per share as of March 20, 2026. Following the repurchases and offering, the current number of outstanding shares is 33,706,370.

During the week ending March 20, 2026, Empery Digital sold 63 bitcoin at an average price of $72,791 per bitcoin, generating approximately $4.6 million in gross proceeds used for share repurchases. The company currently holds 3,439 bitcoin in its treasury.

The securities are being offered under a shelf registration statement on Form S-3 declared effective by the Securities and Exchange Commission on September 19, 2025. The company did not use a placement agent for the offering.

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