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0 0 0.0163170163170164 -0.00233100233100228 0.00233100233100228 0.00815850815850819 -0.027972027972028 -0.0815850815850815
Stock impact report

Empery Digital Repays Outstanding Term Loan, Strengthening Balance Sheet and Increasing Strategic Flexibility

Empery Digital Inc. - Common stock (EMPD) 
Company Research Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Empery Digital Inc. (NASDAQ: EMPD) (the “Company” or “Empery Digital”) today announced that it has fully repaid its outstanding term loan using proceeds from its recent registered direct offering and the sale of a portion of its bitcoin holdings.The repayment strengthens Empery Digital’s balance sheet by meaningfully reducing the Company’s leverage, lowering ongoing interest expense, and releasing approximately 1,800 bitcoin previously held as collateral.“This transaction enhances our financial position and ability to manage risk in an environment of heightened bitcoin volatility,” said Ryan Lane, Co-Chief Executive Officer of Empery Digital. “We believe this was a prudent step as we continue to grow bitcoin per share and enhance long-term shareholder value.”The Company continues to actively manage its capital structure with a focus on maintaining flexibility and closing the gap between our share price and net asset value. Management remains committ Show less Read more
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