- US trade gap swells as Trump renews scrutiny of deficits
- M23, Rwanda troops launch fresh east DR Congo offensive
- International backlash after Trump proposal to take over Gaza
- 'People are going to die': USAID cuts create panic in Africa
- Hermoso pressured to downplay kiss, brother tells Spain court
- MotoGP champion Martin breaks hand and foot in Malaysia crash
- US trade gap swells in 2024 as deficits under fresh scrutiny
- Aga Khan: five things about the prince of sport
- Rubio sees Guatemala leader keen to please US
- Swedish king leads mourning after school massacre
- US Postal Service halts China suspension after stoking trade fear
- Steel decline sparks protests and a movie in Belgium
- Root 'crucial' for England ahead of Champions Trophy, says skipper
- Chelsea star Kerr 'feared for my life' during taxi ride
- India's Rohit insists struggles 'nothing new' ahead of England ODIs
- Even in career twilight, Ronaldo's star undimmed at 40
- Barca avoiding 'excuses' after Real Madrid ref complaints: Flick
- Australia fear rank turner for second Sri Lanka Test
- EU seeks new import fee on e-commerce packages
- Oscars frontrunner 'Emilia Perez' suffers awards season crash
- Swedish police say school killing spree gunman likely shot himself
- Stocks, dollar drop as tariff tensions intensify
- Oil giants TotalEnergies, Equinor reduce low-carbon investments
- Kremlin calls Zelensky's readiness for Putin talks 'empty words'
- Trump bid to take over Gaza, move Palestinians faces backlash
- Liverpool's Slot not a fan of in-stadium VAR announcements
- Stiff competition awaits as Vonn hunts gold in world super-G
- Pakistan health workers kick off polio drive despite snow
- Austria's Puchner tops second downhill training at world champs
- Bid to sell Suu Kyi's Myanmar mansion flops for third time
- Aga Khan: racehorse billionaire and Islamic spiritual leader
- China slams US 'suppression' as trade war deepens
- Sri Lanka's Karunaratne to bow out of Tests after 'fulfilling dream'
- Philippine House votes to impeach VP Sara Duterte
- Tokyo police bust alleged prostitution ring targeting tourists
- Baltics to cut Soviet-era ties to Russian power grid
- Iraq's famed 'hunchback' of Mosul rebuilt brick by brick
- Stock markets stutter as traders weigh China-US trade flare-up
- Hamas rejects Trump proposal to take over Gaza, move Palestinians
- MotoGP champion Martin taken to hospital after Malaysia crash
- YouTubers causing monkeys to attack tourists at Cambodia's Angkor Wat
- Sweden reels from worst mass shooting in its history
- India's Modi takes ritual dip at Hindu mega-festival
- Nissan shares fall as reports say Honda merger talks off
- US Postal Service says suspending parcels from China
- Toyota announces Lexus EV plant in Shanghai
- Santander reports record profit for third straight year
- No new clothes: S. Korean climate activist targets hyperconsumption
- Cummins 'hugely unlikely' for Australia's Champions Trophy bid
- Nissan shares plunge as report says Honda merger talks off
Volcon, Inc. Announces Launch of Proposed Public Offering
AUSTIN, TX / ACCESS Newswire / February 4, 2025 / Volcon, Inc. (Nasdaq:VLCN) (the "Company"), the first all-electric, off-road powersports company, today announced that it has commenced a public offering to offer and sell securities, including shares of common stock of the Company ("Common Stock") (or pre-funded warrants in lieu thereof) and warrants to purchase shares of Common Stock.
All of the shares of Common Stock, pre-funded warrants and accompanying warrants are being offered by the Company (the "Offering").
The Company intends to use the net proceeds from the Offering for general corporate and working capital needs. The Company's Common Stock is trading on the Nasdaq Capital Market under the symbol "VLCN". The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
Aegis Capital Corp. is acting as the sole book-running manager for the offering on a firm commitment basis.
The securities are being offered pursuant to an effective shelf registration statement on Form S-3 (No. 333-269644) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on March 21, 2023. The offering will be made only by means of a prospectus, consisting of a prospectus supplement and an accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at [email protected], or by telephone at +1 (212) 813-1010.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Volcon, Inc.
Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
Forward-Looking Statements
Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the whether the Company will be successful in completing the proposed offering. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.
.
Volcon Contacts
For Media: [email protected]
For Dealers: [email protected]
For Investors: [email protected]
For Marketing: [email protected]
For more information on Volcon or to learn more about its complete motorcycle and side-by-side line-up, visit: www.volcon.com
SOURCE: Volcon ePowersports, Inc.
View the original press release on ACCESS Newswire
G.Stevens--AMWN