Volcon, inc. prices $27.2 million convertible senior notes offering

Austin, tx / accesswire / august 22, 2022 / volcon inc. (nasdaq:vlcn), ("volcon'' or the "company"), the first all-electric, off-road powersports company, today announced it has signed a securities purchase agreement on august 22, 2022 to issue to an investor $27.2 million aggregate principal amount of convertible senior notes due 2024 (the "notes") and accompanying warrants (the "warrants") to purchase approximately 9.1 million shares of common stock. the notes will be senior unsecured obligations of volcon and no interest shall accrue unless and until an event of default has occurred.
VLCN Ratings Summary
VLCN Quant Ranking