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

Austin, tx / accesswire / august 24, 2022 / volcon inc. (nasdaq:vlcn), ("volcon'' or the "company"), the first all-electric, off-road powersports company, today announced that it had closed its offering of $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. as previously disclosed, the notes are senior unsecured obligations of volcon and no interest shall accrue unless and until an event of default has occurred.
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