on Volcon EPowersports, Inc. (NASDAQ:VLCN)
Volcon, Inc. Prices $12 Million Public Offering
Volcon, Inc. (NASDAQ:VLCN), known for its all-electric off-road vehicles, has announced pricing for a $12 million underwritten public offering. This initiative involves the sale of 6 million Common Units, each comprising one share of Common Stock or Pre-Funded Warrant and one Registered Common Warrant, priced at $2.00 per unit.
The offering's closure is slated for February 6, 2025, contingent on customary conditions. Proceeds will support general corporate purposes and working capital. Volcon has previously raised approximately $9.47 million through an At-The-Market Issuance Sales Agreement.
Aegis Capital Corp. is the offering's sole book-running manager. Legal counsel is provided by ArentFox Schiff LLP and Kaufman & Canoles, P.C. Interested investors can access full details in the SEC-filed prospectus.
R. P.
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