Volcon, inc. closes $20.0 million underwritten public offering of common stock

Austin, texas, feb. 1, 2022 /prnewswire/ -- volcon inc. (nasdaq: vlcn), the first all-electric, off-road powersports company, today announced the closing of an underwritten public offering (the "offering") of 6,666,667 shares of common stock, par value $0.00001 per share ("common stock"), issued by the company, at a price to the public of $3.00 per share. the gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, is approximately $20.0 million.
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