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ATG Capital Management Announces Delaware Court Orders ATG Will Stand For Board Election At Empery Digital's Annual Meeting Of Shareholders On Oct. 14

Benzinga Newsdesk

ATG Capital Management LP ("ATG Capital"), together with certain of its affiliates, the beneficial owner of approximately 16% of the outstanding shares of Empery Digital Inc. (Nasdaq: EMPD) ("Empery" or

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  1. Atg Capital Management Lp

    ATG Capital Releases Investor Presentation on Empery Digital and the Need for Targeted Boardroom Change at the Company

    A Delaware Chancery Court ruled that Empery Digital's board breached its fiduciary duties by improperly rejecting ATG Capital's director nomination notice in an attempt to prevent stockholder choice. The court found the board's actions were preclusive and designed to entrench incumbents, validating ATG Capital's nominees for the October 14 annual meeting. ATG Capital, which owns 4.5 million shares, is urging stockholders to vote for its four nominees.

    EMPD