Empery Asset Management, LP (“Empery”) is a Delaware limited partnership that was formed in February
2008 with its principal place of business in New York, New York. Empery was founded and is owned and
controlled by Ryan M. Lane and Martin D. Hoe.
Empery provides discretionary investment management services to U.S. and non-U.S. pooled investment
vehicles organized as private investment funds (collectively the “Funds”). Empery Asset Management, LP
serves as the investment manager to Empery Tax Efficient, LP (“Empery Tax Efficient”), Empery Tax
Efficient III, LP (“Empery Tax Efficient III”), Empery Debt Opportunity Fund, LP (“Empery Debt
Opportunity Fund”), and Empery Partners, LP (“Empery Partners”), all of which are Delaware limited
partnerships (collectively the “Domestic Funds”), and Empery Asset Master, Ltd. (“Empery Asset Master”)
and Empery International, Ltd. (“Empery International”), each a Cayman Islands exempted company
(Empery Asset Master and Empery International collectively, the “Offshore Funds”).
Empery Asset Master, Empery Partners and Empery International operate via a “master-feeder” structure,
such that Empery Partners and Empery International (collectively, the “Feeder Funds”) invest all of their
investable assets through Empery Asset Master (the “Master Fund”) and investments are made at the Master
Fund level. Empery Asset Master also makes certain investments through special purpose vehicles.
Empery’s affiliate, Empery GP, LLC, a Delaware limited liability company (the “General Partner”), serves
as the general partner of the Domestic Funds.
As described in further detail in Item 8 below, the Funds seek to generate absolute returns primarily through
direct investment mainly in public companies and some late-stage private companies. The direct investment
strategy seeks to exploit market inefficiencies by financing emerging growth companies that may be under-
capitalized, have limited analyst coverage, or have low levels of institutional interest. When implementing
this strategy, Funds other than Empery Debt Opportunity Fund may invest in every tier of the capital
structure, including common equity, warrants, convertible preferred stock, convertible debt and other
secured and unsecured debt of different levels of seniority, and the securities may be highly customized to
optimize the investment risk-versus-reward profile. Empery Debt Opportunity Fund will invest primarily
in debt, including convertible debt, or debt-like instruments.
In addition to the primary direct investment strategy, certain Funds may also engage in one or more of the
following investment strategies: (i) market-neutral, sector-focused long/short; (ii) distressed debt investing;
and/or (iii) event-driven options trading.
Empery’s investment decisions and advice with respect to each Fund are subject to each Fund's investment
objectives and guidelines as set out in the Fund’s private offering memorandum, limited partnership
agreement, investment management agreement and/or other governing documents. Investors and
prospective investors should refer to the offering memorandum and other governing documents of the
applicable Fund for complete information on its investment objectives and guidelines.
In accordance with common industry practice, one or more of the Funds and/or Empery or its affiliate have
or may in the future enter into “side letters” or similar arrangements with certain investors pursuant to which
the investor is granted specific rights, benefits or privileges that are not made available to investors
generally.
This brochure does not constitute an offer to sell or solicitation of an offer to buy the securities of any of
the Funds. Any such offer or solicitation will be made only by means of a confidential private placement
memorandum.
Empery does not participate in any wrap fee programs.
As of December 31, 2023, Empery had approximately $136,910,434 in regulatory assets under
management, all of which it manages on a discretionary basis.