Volcon, inc. announces pricing of $12.0 million underwritten public offering

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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