Welcome to our dedicated page for Volcon news (Ticker: VLCN), a resource for investors and traders seeking the latest updates and insights on Volcon stock.
Volcon Inc. changed its corporate name to Empery Digital Inc. and shifted its public-company focus to a Bitcoin treasury strategy, with its common stock trading on Nasdaq under EMPD after the change. News around the former VLCN symbol now centers on BTC acquisitions, custody and portfolio metrics, net asset value references, share repurchase activity, borrowing facilities, and equity financing capacity.
Company updates also reference the remaining mobility business and operational results, including disclosures tied to tariffs, quarterly financial reporting, and the transition from an all-electric off-road powersports issuer to a digital-asset treasury model.
Volcon, Inc. has successfully completed a $16.6 million Initial Public Offering (IPO) of common stock, with Aegis Capital Corp. acting as the sole bookrunner. This noteworthy IPO marks a significant milestone for Volcon, a pioneer in the all-electric powersports sector, headquartered in Round Rock, Texas. The company aims to enhance outdoor experiences while minimizing environmental impact through its innovative electric off-road vehicles, starting with the Grunt, which began shipping in September 2021.
Volcon, Inc. announced its initial public offering (IPO) of 3,025,000 shares of common stock at $5.50 per share, aiming to raise approximately $16.6 million before expenses. The IPO is set to close on October 8, 2021, pending customary conditions. Aegis Capital Corp. holds a 45-day option for an additional 226,875 shares, potentially raising total proceeds to $17.9 million. Trading on Nasdaq under the symbol VLCN begins October 6, 2021.