Bitcoin-focused company Empery Digital Inc. announced on May 27 that it is postponing its annual meeting of shareholders. The meeting, originally scheduled for July 29, 2026, will now be held virtually on September 23, 2026, at 10:00 a.m. Central Time. Further details regarding the shareholder meeting will be disclosed in the definitive proxy statement.
The postponement stems from the company receiving two separate shareholder notices of nomination. One notice was submitted by ATG Capital Management and the other by Tice P. Brown, both expressing an intent to nominate directors at the meeting. The company's Nominating and Corporate Governance Committee, in consultation with legal counsel, will review these nominations in accordance with the company's bylaws.
This is not the first disagreement involving ATG Capital. In March 2026, the company's board of directors deemed a prior nomination notice from ATG Capital "invalid and misleading," stating its nominee was ineligible. The board cited the notice's failure to meet the requirements of the company's advance notice bylaw and noted that ATG Capital submitted it near the close of the nomination window, leaving insufficient time for board review and correction.
Empery Digital's core strategy centers on Bitcoin treasury management. The company holds a significant Bitcoin position, reporting approximately 3,562 BTC as of early March 2026. This follows an announcement in August 2025 that its holdings had exceeded 4,000 BTC.
The company recently disclosed the sale of 102 Bitcoin at an average price of $71,636, with the proceeds used to fund share repurchases. To date, Empery Digital has spent approximately $122 million to repurchase over 20.175 million shares of its common stock. The company stated it will continue to sell Bitcoin as needed to fund future stock buybacks and potential debt repayment.
The stated goal of its Bitcoin reserve strategy is to "maximize Bitcoin per share." Since January 29, 2026, the company reports achieving nearly a 3% growth in Bitcoin per share while reducing its net asset value discount by 40%. The board and management have previously rejected shareholder proposals to liquidate the entire Bitcoin portfolio, believing such a move would deprive shareholders of potential future appreciation in Bitcoin value per share.
In a recent filing in mid-May, the company disclosed that 10% shareholder Brown Tice purchased 100,000 shares on May 15 at $2.99 per share. Over the past year, Tice Brown executed another significant purchase at $4.67 per share, totaling roughly $4.3 million in acquisitions. Company insiders collectively hold approximately 9.6% of shares, valued around $14 million.
For the fourth quarter of 2025, the company reported a loss per share of $4.84, significantly below market expectations. The stock recently traded around $4.76, giving the company a market capitalization of approximately $134 million.
Empery Digital Inc., originally named Volcon Inc., changed its name in July 2025. Founded in 2020 and headquartered in Round Rock, Texas, the company initially operated as a manufacturer of electric off-road vehicles, including motorcycles and utility terrain vehicles. In July 2025, it formally adopted its Bitcoin treasury strategy, transitioning into a platform focused on digital asset management and blockchain technology.
The company currently employs about 15 people. Its electric mobility products business continues to operate under the Empery Mobility brand following the corporate name change.
Shareholders are not required to take any action at this time. Official notice of the new meeting date and voting materials will be distributed in due course.
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