Empery Digital Responds to Shareholder Dispute Over Company Control

Empery Digital has issued a statement addressing allegations from its third-largest shareholder, Tice P. Brown. According to Foresight News, the company emphasized its commitment to constructive communication with both ATG Capital and Tice P. Brown. However, it accused ATG Capital of refusing dialogue and Tice P. Brown of launching malicious attacks on management. These actions, Empery Digital claims, have forced the company to use shareholder resources for self-defense, ultimately harming shareholder interests and reducing funds available for its current 'below net asset value share buyback' strategy. The statement further alleges that ATG Capital attempted to seize control of the company without offering reasonable compensation to all shareholders, a demand made privately to Empery Digital's legal counsel in early February and subsequently rejected by the board to protect shareholder interests. Empery Digital's board and management team have thoroughly evaluated Tice P. Brown's demands, concluding that his mathematical analysis does not support the immediate liquidation of the company's entire Bitcoin portfolio, deeming it not in the best interest of all shareholders. Previously, Tice P. Brown had publicly rejected a private share buyback offer from management, accusing the company of prioritizing CEO Ryan Lane's job security over shareholder interests. He also demanded Ryan Lane's immediate resignation and the sale of all Bitcoin assets, with proceeds returned to shareholders.