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Volcon Inc (NASDAQ:VLCN), an all-electric off-road powersports company, has announced a firm commitment underwritten public offering expected to raise approximately $12.0 million in gross proceeds. The offering includes 6,000,000 Common Units, each priced at $2.00, consisting of one share of Common Stock (or Pre-Funded Warrant) and one Registered Common Warrant.
The Common Warrants have an initial exercise price of $2.00 per share and will be exercisable for 60 months. The company previously sold 1,831,558 shares through an At-The-Market offering for approximately $9.47 million. After the offering's closure and exercise of Pre-Funded Warrants, Volcon expects to have approximately 8,475,607 shares outstanding.
The offering is expected to close around February 6, 2025, with Aegis Capital Corp serving as the sole book-running manager. The proceeds will be used for general corporate purposes and working capital. The securities are being offered through an effective shelf registration statement on Form S-3.
Volcon Inc (NASDAQ:VLCN), un'azienda di powersport off-road completamente elettrici, ha annunciato un offerta pubblica garantita che si prevede raccoglierà circa 12,0 milioni di dollari in proventi lordi. L'offerta include 6.000.000 di Unità Comuni, ciascuna al prezzo di 2,00 dollari, composta da un'azione di Azioni Comuni (o Warrant Pre-Finanziato) e un Warrant Comune Registrato.
I Warrant Comuni hanno un prezzo di esercizio iniziale di 2,00 dollari per azione e saranno esercitabili per 60 mesi. L'azienda ha precedentemente venduto 1.831.558 azioni attraverso un'offerta At-The-Market per circa 9,47 milioni di dollari. Dopo la chiusura dell'offerta e l'esercizio dei Warrant Pre-Finanziati, Volcon prevede di avere circa 8.475.607 azioni in circolazione.
L'offerta dovrebbe chiudersi intorno al 6 febbraio 2025, con Aegis Capital Corp che funge da unico gestore dell'offerta. I proventi saranno utilizzati per scopi aziendali generali e capitale circolante. I titoli sono offerti tramite una dichiarazione di registrazione a scaffale efficace sul modulo S-3.
Volcon Inc (NASDAQ:VLCN), una empresa de powersport todoterreno completamente eléctrica, ha anunciado una oferta pública garantizada que se espera recaude aproximadamente 12,0 millones de dólares en ingresos brutos. La oferta incluye 6.000.000 de Unidades Comunes, cada una con un precio de 2,00 dólares, que consiste en una acción de Acciones Comunes (o Warrant Pre-Financiado) y un Warrant Común Registrado.
Los Warrant Comunes tienen un precio de ejercicio inicial de 2,00 dólares por acción y serán ejercitables durante 60 meses. La empresa anteriormente vendió 1.831.558 acciones a través de una oferta At-The-Market por aproximadamente 9,47 millones de dólares. Después del cierre de la oferta y el ejercicio de los Warrant Pre-Financiados, Volcon espera tener aproximadamente 8.475.607 acciones en circulación.
Se espera que la oferta cierre alrededor del 6 de febrero de 2025, con Aegis Capital Corp actuando como el único gerente de la oferta. Los ingresos se utilizarán para fines corporativos generales y capital de trabajo. Los valores se ofrecen a través de una declaración de registro de estante efectiva en el formulario S-3.
Volcon Inc (NASDAQ:VLCN), 전기 오프로드 파워스포츠 회사,가 약 1,200만 달러의 총 수익을 예상하는 공식 보증 공개 제안을 발표했습니다. 이 제안에는 6,000,000개의 일반 단위가 포함되어 있으며, 각 단위의 가격은 2.00달러로, 일반 주식(또는 선불 워런트) 1주와 등록된 일반 워런트 1개로 구성됩니다.
일반 워런트는 주당 2.00달러의 초기 행사 가격을 가지며 60개월 동안 행사할 수 있습니다. 회사는 이전에 약 947만 달러에 해당하는 1,831,558주를 시장가로 판매했습니다. 제안 종료 후 선불 워런트 행사 후, Volcon은 약 8,475,607주의 발행 주식이 있을 것으로 예상합니다.
제안은 2025년 2월 6일경에 종료될 것으로 예상되며, Aegis Capital Corp가 단독 북미 관리자로 활동합니다. 수익은 일반 기업 목적 및 운영 자본에 사용될 것입니다. 증권은 S-3 양식의 유효한 선반 등록 성명을 통해 제공됩니다.
Volcon Inc (NASDAQ:VLCN), une entreprise de powersport tout-terrain entièrement électrique, a annoncé une offre publique garantie qui devrait lever environ 12,0 millions de dollars de recettes brutes. L'offre comprend 6.000.000 d'Unités Communes, chacune au prix de 2,00 dollars, composée d'une action d'Actions Communes (ou Warrant Préfinancé) et d'un Warrant Commun Enregistré.
Les Warrant Communs ont un prix d'exercice initial de 2,00 dollars par action et seront exerçables pendant 60 mois. L'entreprise a précédemment vendu 1.831.558 actions par le biais d'une offre At-The-Market pour environ 9,47 millions de dollars. Après la clôture de l'offre et l'exercice des Warrant Préfinancés, Volcon s'attend à avoir environ 8.475.607 actions en circulation.
L'offre devrait se clôturer autour du 6 février 2025, avec Aegis Capital Corp agissant en tant que gestionnaire principal. Les recettes seront utilisées pour des fins d'entreprise générales et pour le fonds de roulement. Les titres sont offerts par le biais d'une déclaration d'enregistrement à effet de type shelf sur le formulaire S-3.
Volcon Inc (NASDAQ:VLCN), ein Unternehmen für vollelektrische Offroad-Powersports, hat ein öffentliches Angebot mit Garantie angekündigt, das voraussichtlich etwa 12,0 Millionen Dollar an Bruttoeinnahmen einbringen wird. Das Angebot umfasst 6.000.000 Stammanteile, die jeweils zu einem Preis von 2,00 Dollar angeboten werden und aus einer Aktie der Stammaktien (oder vorfinanziertem Warrant) und einem registrierten Stammwarrant bestehen.
Die Stammwarrants haben einen anfänglichen Ausübungspreis von 2,00 Dollar pro Aktie und können über einen Zeitraum von 60 Monaten ausgeübt werden. Das Unternehmen hat zuvor 1.831.558 Aktien über ein At-The-Market-Angebot für etwa 9,47 Millionen Dollar verkauft. Nach Abschluss des Angebots und der Ausübung der vorfinanzierten Warrants erwartet Volcon, etwa 8.475.607 ausgegebene Aktien zu haben.
Das Angebot soll voraussichtlich um den 6. Februar 2025 schließen, wobei Aegis Capital Corp als alleiniger Buchführer fungiert. Die Erlöse werden für allgemeine Unternehmenszwecke und Betriebskapital verwendet. Die Wertpapiere werden über eine wirksame Shelf-Registrierungsanmeldung auf Formular S-3 angeboten.
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AUSTIN, TX / ACCESS Newswire / February 5, 2025 / Volcon, Inc. (NASDAQ:VLCN) (the "Company"), the first all-electric, off-road powersports company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately
The offering consists of 6,000,000 Common Units (or Pre-Funded Units), each consisting of (i) one (1) share of Common Stock or Pre-Funded Warrant and (ii) one (1) Registered Common Warrant to purchase one (1) share of Common Stock per warrant at an exercise price of
Aggregate gross proceeds to the Company are expected to be
Aegis Capital Corp. is acting as the sole book-running manager for the offering. ArentFox Schiff LLP is acting as counsel to the Company. Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp.
The securities are being offered pursuant to an effective shelf registration statement on Form S-3 (No. 333-269644) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on March 21, 2023. The offering will be made only by means of a prospectus, consisting of a prospectus supplement and an accompanying prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010.
Interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Volcon, Inc.
Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
Forward-Looking Statements
Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the whether the Company will be successful in completing the proposed offering. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘‘believes,'' ‘‘estimates,'' ‘‘anticipates,'' ‘‘expects,'' ‘‘plans,'' ‘‘projects,'' ‘‘intends,'' ‘‘potential,'' ‘‘may,'' ‘‘could,'' ‘‘might,'' ‘‘will,'' ‘‘should,'' ‘‘approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.
Volcon Contacts:
For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
For more information on Volcon or to learn more about its complete motorcycle and side-by-side line-up, visit: www.volcon.com.
SOURCE: Volcon Inc.
View the original press release on ACCESS Newswire