Empery Digital Transfers Volcon Brand to Venom EV in Exchange for 10% Equity Stake
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Empery Digital Inc. has agreed to transfer the Volcon brand to Venom EV, LLC, receiving a 10% equity stake in Venom's reorganized corporation. Empery will retain the Brat e-bike and the right to appoint one director to Venom's board, while continuing to finance Venom's inventory. This strategic move allows Empery to focus on its two-wheel business and vehicle financing operations.
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