Volcon Announces Closing of $12 Million Registered Direct Offering Priced At-The-Market
Volcon Announces Closing of $12 Million Registered Direct Offering Priced At-The-Market
AUSTIN, TX / ACCESSWIRE / July 12, 2024 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced the closing of its previously announced securities purchase agreements with certain institutional investors for the purchase and sale of 3,287,671 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.
美國德克薩斯州奧斯丁/ACCESSWIRE/2024年7月12日/ Volcon公司(NASDAQ:VLCN),即第一家全電動越野動力運動公司的公司,今日宣佈,已與某些機構投資者達成先前宣佈的證券購買協議,購買並銷售了3,287,671股普通股和/或預資金代購買註冊直接發行的普通股認股權證。每股股票的購買價格爲3.65美元。認股權證的購買價格與股票的購買價格相同,減去0.00001美元的行使價格。
The aggregate gross proceeds to the Company was approximately $12 million. The transaction closed on July 12, 2024.
公司的總毛收益爲大約1200萬美元。該交易於2024年7月12日結束。
Aegis Capital Corp. acted as exclusive placement agent for the offering. ArentFox Schiff LLP acted as counsel to the Company for the offering. Kaufman & Canoles, P.C. acted as counsel to Aegis for the offering.
Aegis Capital Corp是這次發行的獨家配售代理。 ArentFox Schiff LLP是該公司的代理律師。 Kaufman&Canoles, P.C.是Aegis的代理律師。
A registration statement on Form S-3 (File No. 333-269644) relating to the offering of the securities was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on March 21, 2023. The offering is being made only by means of a prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the proposed transaction may be obtained on the SEC's website, www.sec.gov or by contacting Aegis Capital Corp., 1345 Avenue of the Americas, 27th Floor, New York, NY 10105, by telephone at (212) 813-1010 or by email at syndicate@aegiscap.com. This press release shall not constitute an offer to sell or a 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.
關於證券發行的S-3表格(文件編號333-269644)已向美國證券交易委員會(SEC)報備,於2023年3月21日由SEC宣佈生效。該發行僅通過招股說明書進行。最終的招股說明書補充和附帶的招股說明書描述了擬議交易的條款,可以在SEC的網站www.sec.gov上獲取,也可以通過聯繫Aegis Capital Corp.,地址爲1345 Avenue of the Americas,27th Floor,New York,NY,10105,電話爲(212)813-1010或電子郵件syndicate@aegiscap.com獲取。本新聞稿不構成出售或要約出售的要約,也不得在任何未經註冊或合格的國家或管轄區進行出售,在任何此類國家或管轄區根據任何此類國家或管轄區的證券法律註冊或合格之前,不得進行出售或要約購買。
Proceeds from the offering will be used, in part, to repay approximately $2.94 million of principal on the notes issued on May 22, 2024. In addition, all previously issued Series A convertible preferred stock has been converted to common stock effective July 10, 2024, and as of such date, the Company had approximately 2.63 million shares of common stock outstanding. Upon completion of the offering, the Company will have no convertible debt or preferred stock outstanding, and less than $40,000 in debt outstanding.
此次發行的所得款項將部分用於償還於2024年5月22日發行的票據本金約294萬美元。此外,所有先前發行的A系列可轉換優先股已於2024年7月10日轉換爲普通股,截至該日期,該公司已發行約263萬股普通股股份。完成本次發行後,該公司將沒有可轉換債務或優先股股份,並且未償還債務將少於40,000美元。
About Volcon
關於Volcon
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.
總部位於德克薩斯州奧斯汀地區的Volcon是第一家生產高品質和可持續的電動車輛,主要服務於戶外領域的電動車公司。Volcon電動車不僅具有環保效益,還因其接近無聲的運行而爲人津津樂道,這使得使用者能更好地體驗戶外生活。Volcon的車型路線圖包括摩托車和側-by-side車。其第一款產品Grunt,於2021年末開始向客戶出貨,結合了強大的電力系統和接近無聲的驅動系統。 Volcon Grunt EVO是原始Grunt的加強版,具有帶動皮帶,改進的懸掛和座椅,於2023年10月開始發送給客戶。 Brat是Volcon首次進入電動自行車市場的產品,該市場廣受歡迎,適用於道路和越野騎行,目前正在向北美經銷商交付。 Volcon在2022年7月推出了Stag,進入了快速擴張的側-by-side車市場,並於2024年2月發送了其第一臺生產單元。 Stag不僅具有標準UTV的驚人性能,而且可以在不產生噪音(或污染)的情況下探索戶外。這使駕駛者可以使用所有感官探索戶外生活。
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. Volcon debuted the Stag in July 2022 and entered the rapidly expanding UTV market and shipped its first production unit in February 2024. The Stag empowers the driver to explore the outdoors in a new and unique way that gas-powered UTVs cannot. The Stag offers the same thrilling performance of a standard UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
有關Volcon的更多信息或了解其完整的摩托車和側-by-side車系列,請訪問:
Volcon Contacts
Volcon聯繫方式
For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
媒體:media@volcon.com
經銷商:dealers@volcon.com
投資者:investors@volcon.com
市場營銷:marketing@volcon.com
For more information on Volcon or to learn more about its complete motorcycle and side-by-side line-up, visit:
有關Volcon的更多信息或了解其完整的摩托車和側-by-side車系列,請訪問:
FORWARD-LOOKING STATEMENTS:
前瞻性聲明:
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the SEC, including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 28, 2024. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Volcon undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Volcon is not responsible for the contents of third-party websites.
本新聞稿包含“前瞻性聲明”,其含義與私人證券訴訟改革法和其他證券法相同。本集團的期望語,例如“期望”,“預計”,“意圖”,“計劃”,“相信”,“尋求”,“估計”及其類似之詞或變體,旨在識別前瞻性聲明。前瞻性聲明不是歷史事實,且基於管理層當前的期望,信仰和預測,其中很多意義上都是固有的不確。這樣的期望,信念和預測是誠信表達的。但是,不能保證管理層的期望,信仰和預測將得到實現,實際結果可能與前瞻性聲明所表達或指示的不同。前瞻性聲明面臨風險和不確定性,這可能導致實際表現或結果與前瞻性聲明中表述的不同,包括時常在本公司向SEC提交的報告中討論的風險因素,包括但不限於本公司提交於2024年3月28日向SEC提交的年度報告中討論的風險因素。讀者被警告無法預測或確定可能影響未來結果的所有風險,不確定性和其他因素。不能保證任何前瞻性聲明,實際結果可能與所預測的結果有所不同。 Volcon不承擔更新任何前瞻性聲明的義務,無論是因爲新信息,未來事件還是其他情況,也不承擔更新任何前瞻性聲明的義務。已提供有關網站的參考和鏈接,該鏈接是爲了提供便利,而此類網站中包含的信息未納入本新聞稿的內容中。Volcon不對第三方網站的內容負責。
SOURCE: Volcon ePowersports, Inc.
來源:Volcon ePowersports, Inc。
譯文內容由第三人軟體翻譯。