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Empery Digital ( (EMPD) ) has provided an update.
On March 23, 2026, Empery Digital entered into a securities purchase agreement for a $25 million registered direct offering of common stock, pre-funded warrants and common warrants at $5.39 per unit, a price representing 103% of net asset value. The company structured the deal without a placement agent, imposed short-term lock-up and issuance restrictions, and secured board approval to treat the transaction as exempt under its February 2026 rights plan, avoiding a poison pill trigger.
The company plans to use proceeds, alongside cash on hand, to repay its $50 million repo facility and draw an additional $10 million on an existing $100 million credit line, effectively reducing net debt by about $40 million. As of March 20, 2026, Empery Digital had repurchased roughly 22.4 million shares under a $200 million buyback program and sold 63 bitcoin for about $4.6 million to help fund these repurchases, leaving 3,439 bitcoin in treasury and 33.7 million shares outstanding on a fully diluted basis after the offering.
The most recent analyst rating on (EMPD) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Empery Digital stock, see the EMPD Stock Forecast page.
Spark’s Take on EMPD Stock
According to Spark, TipRanks’ AI Analyst, EMPD is a Neutral.
The score is primarily constrained by poor financial performance (persistent losses, negative margins, and negative operating/free cash flow). Technical indicators are mostly neutral with some near-term stabilization but longer-term trend pressure. Corporate actions (expanded buybacks and rights plan) are supportive, but valuation is hindered by a negative P/E and lack of dividend yield data.
To see Spark’s full report on EMPD stock, click here.
More about Empery Digital
Empery Digital Inc. is a digital asset management company built around a bitcoin treasury strategy that focuses on aggregating bitcoin and maximizing bitcoin per share. The Austin-based firm positions blockchain and bitcoin as core drivers of long-term shareholder value, aiming to use disciplined balance-sheet management to narrow the discount of its stock price to net asset value.
Average Trading Volume: 976,854
Technical Sentiment Signal: Strong Sell
Current Market Cap: $155.5M
See more data about EMPD stock on TipRanks’ Stock Analysis page.