Empery Digital Provides Additional Information Regarding Capital Needs and Go-Forward Capital Allocation Strategy
Empery Digital outlined the capital needs for its Midwest AI data center investment, committing $65 million for a 25% stake in the acquisition entity while the tenant covers all build-out and operating costs. The company stated it holds sufficient balance sheet capital for the investment and does not anticipate issuing equity at current share price levels, effectively ruling out near-term dilution.
Key figures
- Investment cost
- $65 million
- Ownership stake
- 25%
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