Aegis Capital Corp. Acted as Sole Bookrunner on a $16.6 Million Initial Public Offering of Common Stock for Volcon, Inc. (NASDAQ: VLCN)
Volcon, Inc. has successfully completed a $16.6 million Initial Public Offering (IPO) of common stock, with Aegis Capital Corp. acting as the sole bookrunner. This noteworthy IPO marks a significant milestone for Volcon, a pioneer in the all-electric powersports sector, headquartered in Round Rock, Texas. The company aims to enhance outdoor experiences while minimizing environmental impact through its innovative electric off-road vehicles, starting with the Grunt, which began shipping in September 2021.
- Successful IPO raising $16.6 million to support growth initiatives.
- Volcon is positioned in the rapidly expanding electric vehicle market.
- The Grunt, the first product, started shipping, indicating operational capabilities.
- Potential market dilution risks associated with new shares from the IPO.
NEW YORK, NY / ACCESSWIRE / October 8, 2021 / Aegis Capital Corp. acted as Sole Bookrunner on a
About Volcon, Inc.
Volcon Inc. is the first all-electric, powersports company producing high quality off-road vehicles. Based in Round Rock, Texas, Volcon joins many major electric vehicle manufacturers near Austin, Texas, an area that is poised to become the electric vehicle capital of the world.
Volcon was founded with the mission to enhance the outdoor experience while reducing the industry's environmental footprint so that adventurers and workers alike can enjoy the outdoors and preserve it for generations to come. Volcon produces all-electric, off-road vehicles that are designed to elevate the adventure experience and help people get things done at work and on the home front.
Volcon's first product, the innovative Grunt combines a fat tire physique with high-torque electric power and a near-silent drive train which started shipping in September of 2021. Future models include the Runt, which is a youth-sized version of the groundbreaking Grunt. The Stag and Beast will be Volcon's venture into the rapidly expanding world of UTVs and coming in future years as the company continues to expand.
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
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