Volcon Launches Public Offering to Raise Capital for Growth

February 04, 2025 08:58 PM PST | By Team Kalkine Media

Volcon Launches Public Offering to Raise Capital for Growth — Image source: MMD Creative

Public Offering Details

The public offering includes shares of common stock (or pre-funded warrants in lieu thereof) and accompanying stock purchase warrants. Volcon is offering all securities directly, ensuring full control over the transaction.

While the exact size and terms of the offering remain undetermined, the company has emphasized that its completion depends on market conditions. There is no guarantee of its success or final structure.

Strategic Use of Proceeds

Volcon intends to allocate the net proceeds toward corporate expenses, working capital, and general business needs. The funds could support the company’s expansion efforts, product development, or operational improvements as it continues to drive innovation in the electric off-road vehicle market.

Market Trading and Underwriting

Volcon’s common stock trades on the Nasdaq Capital Market under the ticker “VLCN”. The offering is being managed on a firm commitment basis by Aegis Capital Corp., acting as the sole book-running manager.

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