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Volcon, Inc. Announces Pricing of $12.0 Million Underwritten Public Offering

1. Volcon prices a public offering expected to raise $12 million. 2. The offering includes 6 million units, each with a stock warrant.

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FAQ

Why Bullish?

Raising $12 million can enhance liquidity and support growth initiatives, similar to past successful fundraises which boosted stock prices.

How important is it?

The offering's size and structure directly impact VLCN's capital position, influencing investor perception and stock price.

Why Short Term?

The market may react positively in the short-term as investors digest the funding news, but long-term effects depend on fund utilization.

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VLCN
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 $12.0 million, before deducting underwriting fees and other offering expenses payable by the Company. 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 $2.00.

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