Empery Digital Repays Outstanding Term Loan, Strengthening Balance Sheet and Increasing Strategic Flexibility
The repayment strengthens Empery Digital’s balance sheet by meaningfully reducing the Company’s leverage, lowering ongoing interest expense, and releasing approximately 1,800 bitcoin previously held as collateral.
“This transaction enhances our financial position and ability to manage risk in an environment of heightened bitcoin volatility,” said
The Company continues to actively manage its capital structure with a focus on maintaining flexibility and closing the gap between our share price and net asset value. Management remains committed to increasing bitcoin per share and closing the NAV gap through opportunistic share repurchases at prices below NAV. Management may increase borrowing on its outstanding credit facility and reduce its bitcoin holdings as needed to fund future share repurchases.
Since
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Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “intend,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters, which may include, without limitation, statements relating to the ability of the company to the sale of bitcoin raising capital above NAV and use of proceeds for repaying outstanding debt and share repurchases and whether it will increase NAV per share, whether we will be able to continue to generate proceeds from derivative trades, whether we will be able to continue reducing corporate expenses and our plans with respect to future borrowing activity. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, changes in business, market, financial, political and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price of bitcoin and other cryptocurrencies; the risk that the Company’s stock price may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries in which the Company does and will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for
View source version on businesswire.com: https://www.businesswire.com/news/home/20260401270870/en/
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