Empery Digital Inc. (NASDAQ: EMPD) has entered into a definitive agreement with institutional investors for a registered direct offering of 4,638,219 shares of its common stock at a price of $5.39 per share. This offering is expected to raise approximately $25 million before deducting estimated offering expenses. The transaction is set to close on or about March 24, 2026, subject to customary closing conditions. The offering price represents a premium to the company's net asset value (NAV) at the time of signing, indicating strong shareholder confidence in Empery Digital's strategic initiatives aimed at enhancing shareholder value. The company plans to utilize the net proceeds from this offering to reduce outstanding debt by approximately $40 million, which includes the full repayment of a $50 million Repo Facility and a drawdown of approximately $10 million on its existing $100 million credit facility with Two Prime. This capital raise is part of Empery Digital's ongoing efforts to optimize its balance sheet and decrease the discount to NAV. Additionally, the company has been active in share repurchases, having bought back approximately 22.4 million shares under its $200 million repurchase program. The offering was made under a shelf registration statement declared effective by the SEC, and a prospectus supplement will be filed in relation to the offering. Empery Digital's commitment to leveraging capital markets effectively positions it for future growth and value creation for its shareholders.

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