Empery Digital has repurchased approximately 12.9 million shares under its share repurchase program at an average price of $7.10 per share, leaving $59 million available for future repurchases.
The company's total outstanding shares are now 38,544,317 after considering the potential exercise of pre-funded warrants.
Funding for share repurchases has been partially sourced from a $150 million borrowing facility, with $95 million already drawn.
Share Repurchase Update
Empery Digital has repurchased 12,875,918 shares at an average price of $7.10 per share, with $59 million remaining for future repurchases.
Nasdaq Uplist Approval
Nasdaq has approved Empery Digital's transfer to the Nasdaq Global Select Market from the Nasdaq Capital Market, reflecting the company's commitment to compliance and governance.
- Empery Digital's share repurchase program signals a commitment to enhancing shareholder value through strategic buybacks below net asset value.
- Uplisting to the Nasdaq Global Select Market enhances the company's visibility and credibility among investors and showcases its dedication to meeting higher market standards.
Empery Digital's proactive approach to share repurchases and listing upgrade demonstrate its focus on long-term value creation for shareholders and adherence to high market standards.