- Volcon (NASDAQ:VLCN) has announced the closing of its previously announced securities purchase agreements for the purchase and sale of 3.29M shares of common stock and/or pre-funded warrants to acquire common stock in a registered direct offering.
- The purchase price of each share was $3.65.
- The purchase price for the pre-funded warrants was identical to the purchase price for the shares, less the exercise price of $0.00001.
- The aggregate gross proceeds to the Company was ~$12M. The transaction closed on July 12, 2024.
2024-07-12