Empery Digital (EMPD) stock falls as share-sale filing puts pressure on Bitcoin plan
Empery Digital Inc. shares dropped in Nasdaq pre-market trade Thursday after the bitcoin-treasury firm changed an existing share-sale agreement. The amended deal gives the company more room to raise funds, but investors have to weigh that against the risk of dilution. The stock traded at $3.61 early, putting market cap near $119 million. Shares closed down 8.6% on Wednesday, Empery’s IR page and finance data showed.