Empery Digital Shareholder Demands CEO and Board Resignations

Reuters
Feb 05
Empery Digital Shareholder Demands CEO and Board Resignations

Tice P. Brown, a 9% shareholder of Empery Digital Inc., has called for significant changes at the company ahead of its shareholder meeting. In a letter to the Board of Directors, Tice Brown demanded the immediate resignation of CEO Ryan Lane and the entire Board, as well as the sale of all company-held Bitcoin with proceeds to be returned to shareholders. Brown cited dissatisfaction with recent management actions, including the adoption of a poison pill strategy and concerns about the leadership's conduct and direction. Empery Digital Inc. has not publicly responded to these demands.

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