Empery Digital secures $25 million credit facility to fund share repurchases

* Empery Digital (NASDAQ:EMPD [https://seekingalpha.com/symbol/EMPD]) Monday announced [https://seekingalpha.com/pr/20203268-empery-digital-secures-25-million-credit-facility-to-fund-share-repurchases] that it has entered into a committed borrowing facility to provide the company with immediate access to $25 million in USD for share repurchases.
* Drawdowns on the facility are at the sole option of Empery Digital, providing management the flexibility to act decisively if the market presents an opportunity to repurchase shares below net asset value (NAV).
* The company also anticipates securing an additional $75 million in borrowing capacity through an uncommitted borrowing facility to fund share repurchases in excess of the $25 million.
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In addition, the company today announced that it has amended its existing share repurchase agreement to decrease the fees to 1%, further demonstrating management’s focus on lowering its costs while increasing bitcoin per share.

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