Volcon, inc. announces $9.0 million in securities offerings and pricing of previously announced public offering

Austin, texas, may 22, 2023 (globe newswire) -- volcon inc. (nasdaq: vlcn), (“volcon” or the “company”), the first all-electric, off-road powersports company, today announced the pricing of an underwritten public offering (the “offering”) with gross proceeds to the company expected to be $4.5 million, before deducting underwriting discounts and other estimated expenses payable by the company. the offering consists of 6,000,000 shares of common stock at a price of $0.75 per share. in addition, the company has granted aegis capital corp., the underwriter in the offering, a 45-day option to purchase up to an additional 900,000 shares of common stock and/or pre-funded warrants at the offering price, less underwriting discounts and commissions.
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