Empery Digital repurchases 26.2M shares under $200M program

robot
Abstract generation in progress

Empery Digital Inc. has repurchased 26.2 million shares of its common stock under a $200 million program at an average price of $5.71 per share, leaving 29.8 million shares outstanding. The company aims to manage its capital structure and reduce the gap between its share price and net asset value, despite an “overvalued” assessment and “WEAK” financial health from InvestingPro. Empery Digital also sold 20 bitcoin for $1.5 million, maintains 2,914 bitcoin in treasury, and has fully repaid a term loan to reduce leverage, while its board rejected certain director nominees due to non-compliance.

BTC1.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin