Empery Digital repurchases 9.4 million shares at average of $7.46

AUSTIN, Texas - Empery Digital Inc. (NASDAQ:EMPD), currently valued at $283.22 million market cap, has repurchased 9,429,509 shares of its common stock as part of its previously announced $150 million share repurchase program, according to a company statement released Monday. InvestingPro data shows the company maintains a strong liquidity position with a current ratio of 4.56.

The digital asset management firm reported that the shares were repurchased at an average price of $7.46 per share, including all fees and commissions. Following these transactions, approximately $80 million remains available under the repurchase authorization. The stock currently trades at $6.81, having declined over 87% in the past year according to InvestingPro data.

The company’s outstanding share count now stands at 41,990,726, after accounting for the potential exercise of 3,913,538 pre-funded warrants.

Empery Digital has funded the share repurchases through $70 million in borrowings from its previously announced $150 million credit facilities. The company stated that management remains committed to increasing bitcoin per share through share repurchases at prices below net asset value (NAV).

The firm focuses on a bitcoin treasury strategy aimed at aggregating bitcoin and maximizing bitcoin holdings on a per-share basis. Empery Digital describes itself as a company that employs blockchain technology for digital asset management.

The share repurchase program represents part of the company’s stated goal of driving long-term shareholder value through what it describes as disciplined decision-making.

In other recent news, Empery Digital Inc. has secured a $100 million loan facility with Two Prime Lending, enhancing its borrowing capacity to $150 million. This facility, available until October 2026, includes favorable terms such as no commitment fees and is backed by Bitcoin collateral. Additionally, Empery Digital has been actively repurchasing shares under its $100 million share buyback program. The company recently repurchased over 5.9 million shares at an average price of $7.55 each, leaving approximately $55 million available for future buybacks. In another round of repurchases, Empery bought 4.4 million shares at an average price of $7.48, with $67 million still available for additional buybacks. To support these repurchases, Empery Digital has also expanded its borrowing with a $50 million Master Repurchase Agreement to refinance and add capital for further share buybacks. In other developments, Empery Digital’s distribution agreement with Super Sonic Company Limited for golf cart products in the U.S. has been terminated, effective immediately.

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