Volcon, INC

Market Movers (8-K)

Empery Digital Inc. announced a $20 million strategic investment in Cardinal Data Power, Inc., a developer of powered data center campuses, as part of its expansion into digital infrastructure.
Capital raise
Empery Digital Inc. reported the sale of 1,400 BTC for approximately $87.1 million, using proceeds for debt repayment, property acquisition funding, and operational expenses.
Empery Digital Inc. has amended its shareholder rights plan, accelerating the expiration date to July 6, 2026, and eliminating the Series A Preferred Stock.
Empery Digital announces a $65 million investment in a Midwest property acquisition, with a tenant funding all data center build-out and operating costs.
Empery Digital Inc. announces a strategic partnership with Cardinal Power LLC (affiliated with Hunt Properties) to acquire and develop AI data center properties, including a $65 million investment in a Midwest facility.
Empery Digital Inc. has amended its At-The-Market Issuance Sales Agreement with Aegis Capital Corp., extending its term and clarifying its operational status.
Capital raise

Quarterly Earnings (10-Q)

Empery Digital Inc. has completed a major strategic pivot to a digital asset treasury strategy, acquiring significant Bitcoin holdings and divesting most of its powersports business, while reporting a net loss of $40.9 million for the nine months ended September 30, 2025.
Worse than expected
Capital raise
Delay expected
Empery Digital Inc. announces a major strategic shift to a Bitcoin treasury strategy, backed by a significant $501 million private placement, while reporting improved Q2 2025 financial losses despite declining powersports revenue.
Better than expected
Capital raise
Delay expected
Volcon Inc.'s Q1 2025 results reveal a revenue decrease compared to the previous year, alongside strategic moves including new distribution agreements and a focus on developing new electric vehicle models.
Worse than expected
Capital raise
Volcon Inc.'s Q3 2024 results reveal ongoing financial losses and operational challenges, including significant inventory write-downs and a dispute with a key manufacturer.
Worse than expected
Delay expected
Capital raise
Volcon Inc.'s Q2 2024 results reveal a net loss of $606,418 and ongoing efforts to navigate financial challenges and operational changes.
Worse than expected
Delay expected
Capital raise
Volcon Inc. reported a significant net loss of $26 million for the first quarter of 2024, alongside ongoing efforts to address financial and operational challenges.
Worse than expected
Capital raise

Annual Reports (10-K)

Empery Digital Inc. has filed an amendment to its 2025 Form 10-K, providing previously omitted Part III information regarding directors, executive compensation, and corporate governance.
Delay expected
Empery Digital Inc. has pivoted to a digital asset treasury strategy, divesting its four-wheel vehicle business, but reported a substantial net loss of $150.1 million in 2025, largely due to unrealized Bitcoin losses.
Worse than expected
Capital raise
Delay expected
Volcon, Inc. files an amendment to its 2024 annual report to include certain interactive data file tagging and certifications by the principal executive and financial officers.
Volcon, Inc. files an amendment to its 2024 annual report, updating information on directors, executive officers, corporate governance, and executive compensation.
Volcon Inc.'s 10-K filing reveals a year of strategic shifts and financial challenges, including a revenue increase offset by significant losses, leading to substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Capital raise
Volcon Inc.'s annual 10-K filing outlines its capital structure, including common and preferred stock, warrants, and anti-takeover provisions, while also raising concerns about its ability to continue as a going concern due to recurring losses.
Worse than expected
Delay expected
Capital raise

Insider Trading (Form 4)

Tice Brown, a director and 10% owner of Empery Digital Inc., exercised 1,000 call option contracts on May 15, 2026, acquiring 100,000 shares of common stock.
ATG Capital Opportunities Fund LP, a 10% owner, significantly increased its beneficial ownership in Empery Digital Inc. through recent stock purchases.
Better than expected
ATG Capital Opportunities Fund LP, a 10% owner of Empery Digital Inc., significantly increased its beneficial ownership through multiple common stock purchases.
Better than expected
Empery Digital Co-Chief Executive Officer Ryan M. Lane reported significant indirect acquisitions of common stock in December 2025.
Empery Digital Co-CEO Ryan Lane reported significant indirect acquisitions of common stock totaling 150,000 shares across three days in December 2025.
Empery Digital Inc. director Rohan Kumar Chauhan was granted 298,802 stock options with a $10 exercise price, vesting upon specific VWAP targets.

Proxy Statements (Def-14A)

Volcon, Inc. is asking stockholders to approve a reverse stock split, amendments to its stock plan, option grants to executives, and other proposals at its upcoming annual meeting.
Worse than expected
Volcon, Inc. is asking stockholders to approve a reverse stock split to maintain its NASDAQ listing and potentially attract institutional investors.
Worse than expected
Volcon, Inc. is asking stockholders to approve a reverse stock split, elect directors, ratify the appointment of auditors and approve other corporate governance matters at its upcoming annual meeting.
Worse than expected

Schedule 13D - Activist Investments

Tice Brown, a significant shareholder in Empery Digital Inc., has publicly demanded the immediate reinstatement of the company's share repurchase program, citing concerns over management's actions and potential waste of company assets.
ATG Capital Management has filed a lawsuit against Empery Digital's board, alleging breaches of fiduciary duty and entrenchment tactics.
Delay expected
Capital raise
ATG Capital has nominated a slate of nine director candidates for election to Empery Digital Inc.'s board at the 2026 annual meeting, signaling an activist push for board representation.
Activist investor Tice Brown, holding a 10.4% stake in Empery Digital Inc., has nominated himself to the company's Board of Directors, citing governance failures and a disconnect in valuation.
Worse than expected
ATG Capital's beneficial ownership in Empery Digital Inc. increased to 13.7% due to a reduction in the issuer's outstanding shares, not new transactions.
Activist investor Tice Brown, holding 9.8% of Empery Digital Inc., rejected a management buyback offer and renewed calls for CEO Ryan Lane's resignation, a new Board, and immediate Bitcoin liquidation.
Worse than expected

Schedule 13G - Passive Investments

Winklevoss Capital Fund and associated entities have reported a 7.9% beneficial ownership stake in Empery Digital Inc.
Anson Funds Management LP and affiliated entities have filed an amendment to their Schedule 13G, reporting zero shares beneficially owned in Empery Digital Inc.
Highbridge Capital Management, LLC has reported beneficial ownership of 9.9% of Empery Digital Inc.'s common stock, primarily through warrants subject to a 9.99% ownership blocker.
DRW Holdings, LLC, DRW Investments, LLC, and Donald R. Wilson, Jr. have reported beneficial ownership of 1,886,847 shares, representing 6.7% of Empery Digital Inc.'s common stock as of March 31, 2026.
Weiss Asset Management LP, along with affiliated entities and individuals, has reported beneficial ownership of 6.3% of Empery Digital Inc.'s common stock as of March 31, 2026.
Tice P. Brown and Woodmont Investing LLC disclose beneficial ownership of 9.7% of Empery Digital Inc.'s common stock.