ATG Capital Highlights Empery Digital’s Low-Road Campaign of Misleading Statements, Attempted Distractions and Lack of Accountability for Breach of Fundamental Fiduciary Duties
ATG Capital, holder of more than 16% of Empery Digital, issued a rebuttal presentation and stockholder letter urging stockholders to vote FOR its four board nominees at the October 14 annual meeting. ISS has sided with partial board change, recommending votes for ATG nominees Gliksberg and Morris, WITHHOLD votes against Ian Read and Orn Olason, and AGAINST the company's equity incentive plan. The Delaware Court of Chancery found on August 28 that the board's rejection of ATG's nominations breached fiduciary duties; the board has appealed, with argument set for October 7.
Key figures
- Share price
- 2.88
- Nav discount
- approximately 39%
- Nav per share
- 4.72
- Atg ownership pct
- more than 16%
- Shares repurchased
- 26200000
- Annual meeting date
- October 14, 2026
- Share price decline
- 71%
- Appeal argument date
- October 7
- Atg ownership shares
- 4500000
- Bitcoin decline comparison
- 35%
- Company solicitation costs
- $22.5 million
- Solicitation costs incurred
- $20.5 million
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.