Zinger Key Points
- Volcon on Thursday announced a public offering.
- The company intends to use the net proceeds from this offering for general corporate purposes.
- Next: Access Our New, Shockingly Simple 'Alert System'
Volcon Inc VLCN shares are trading lower by 68% to $0.21 Thursday morning after the company announced it is raising approximately $18 million through a public offering.
Volcon is selling Common Units or Pre-funded Units, which consist of stock or pre-funded warrants, along with warrants at set prices and expiration dates. These funds will be used for general corporate purposes.
The offering's completion depends on standard conditions, with an option for additional shares to cover potential over-allotments.
See Also: How To Earn $500 A Month From Target Stock Following Earnings Beat
According to data from Benzinga Pro, VLCN has a 52-week high of $10.00 and a 52-week low of $0.20.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
