Empery Digital (EMPD) said Tuesday its board has adopted a limited-duration shareholder rights plan to protect the best interests of its shareholders.
The rights plan is effective immediately and will expire on Feb. 2, 2027, the company said.
The move followed the significant accumulation of its stock by ATG Capital Opportunities Fund, the firm said, adding that ATG had already raised its stake beyond 10% based on recent filings.
Empery Digital shares were down over 3% in recent trading.
Price: 4.60, Change: -0.17, Percent Change: -3.47
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