Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Volcon (Nasdaq: VLCN), an all-electric off-road powersports company, has announced the launch of a proposed public offering of securities. The offering includes common stock (or pre-funded warrants) and warrants to purchase common stock. Aegis Capital Corp is serving as the sole book-running manager on a firm commitment basis.
The company plans to use the net proceeds for general corporate and working capital needs. The offering is being made through an effective shelf registration statement on Form S-3 and will be conducted via a prospectus supplement and accompanying prospectus. The completion, size, and terms of the offering are subject to market conditions.
Volcon (Nasdaq: VLCN), un’azienda di veicoli elettrici per il fuoristrada, ha annunciato il lancio di un’offerta pubblica proposta di titoli. L’offerta include azioni comuni (o warrant pre-finanziati) e warrant per l’acquisto di azioni comuni. Aegis Capital Corp funge da unico manager della registrazione a impegno fermo.
L’azienda prevede di utilizzare il ricavato netto per esigenze generali aziendali e di capitale circolante. L’offerta viene effettuata tramite una dichiarazione di registrazione di magazzino efficace in Form S-3 e sarà condotta tramite un supplemento al prospetto e un prospetto accompagnatorio. Il completamento, la dimensione e i termini dell’offerta sono soggetti alle condizioni di mercato.
Volcon (Nasdaq: VLCN), una empresa de vehículos todo terreno eléctricos, ha anunciado el lanzamiento de una oferta pública propuesta de valores. La oferta incluye acciones comunes (o garantías prefinanciadas) y garantías para comprar acciones comunes. Aegis Capital Corp está actuando como el único administrador de libros en una base de compromiso firme.
La empresa planea utilizar los ingresos netos para necesidades generales corporativas y de capital de trabajo. La oferta se está realizando a través de una declaración de registro de estantería eficaz en el Formulario S-3 y se llevará a cabo mediante un suplemento de prospecto y un prospecto adjunto. La finalización, el tamaño y los términos de la oferta están sujetos a las condiciones del mercado.
볼컨 (Nasdaq: VLCN), 전기 오프로드 전동 스포츠 회사가 증권의 제안 공개 발행을 발표했습니다. 발행에는 보통주 (또는 선자금 보증서) 및 보통주 구매를 위한 보증서가 포함됩니다. 아이지스 캐피탈이 전담 관리 회사로 활동하고 있습니다.
회사는 일반 기업 및 운영 자본 필요성을 위해 순수익을 사용할 계획입니다. 이 발행은 유효한 선반 등록 성명서(Form S-3)를 통해 이루어지며, 보충 안내서 및 동봉된 안내서를 통해 진행됩니다. 발행의 완료, 규모 및 조건은 시장 상황에 따라 달라질 수 있습니다.
Volcon (Nasdaq: VLCN), une entreprise spécialisée dans les véhicules tout-terrain électriques, a annoncé le lancement d’une offre publique proposée de valeurs mobilières. L’offre comprend des actions ordinaires (ou des bons de souscription préfinancés) et des bons de souscription pour l’achat d’actions ordinaires. Aegis Capital Corp agit en tant que seul gestionnaire de livre sur une base d’engagement ferme.
L’entreprise prévoit d’utiliser les produits nets pour ses besoins généraux en capital et en fonds de roulement. L’offre se fait par le biais d’une déclaration d’enregistrement d’étagère efficace sous le formulaire S-3 et sera réalisée via un supplément de prospectus et un prospectus accompagnant. L’achèvement, la taille et les conditions de l’offre sont soumis aux conditions du marché.
Volcon (Nasdaq: VLCN), ein Unternehmen für elektrisch betriebene Offroad-Motorsportfahrzeuge, hat den Start eines vorgeschlagenen öffentlichen Angebots von Wertpapieren bekannt gegeben. Das Angebot umfasst Stammaktien (oder vorfinanzierte Optionsscheine) sowie Optionsscheine zum Kauf von Stammaktien. Aegis Capital Corp fungiert als alleiniger Buchführer auf fester Verpflichtungsbasis.
Das Unternehmen plant, die Nettomittel für allgemeine Unternehmens- und Betriebskapitalbedürfnisse zu verwenden. Das Angebot erfolgt über eine wirksame Shelf-Registrierungsanmeldung in Form S-3 und wird durch einen Prospektzusatz und einen begleitenden Prospekt durchgeführt. Der Abschluss, die Größe und die Bedingungen des Angebots unterliegen den Marktbedingungen.
Negative
- Potential dilution of existing shareholders through new share issuance
- Need for additional capital indicates possible cash flow concerns
- Uncertainty regarding offering completion and final terms
Insights
This public offering announcement from Volcon signals significant financial developments that warrant careful investor attention. The structure of the offering, which includes common stock, pre-funded warrants and accompanying warrants, suggests a complex financing arrangement that could substantially impact the company’s capital structure.
Several critical aspects deserve scrutiny: First, the choice of a firm commitment offering through Aegis Capital Corp means the underwriter is taking on the full risk of selling the securities, indicating some level of confidence in the placement. However, the timing and nature of this capital raise raise important considerations:
- The use of proceeds for ‘general corporate and working capital needs’ lacks specificity and could indicate immediate cash flow requirements rather than strategic growth initiatives
- The inclusion of warrants typically suggests a more aggressive pricing strategy to attract investors, but also creates potential future dilution beyond the immediate offering
- The offering’s announcement under current market conditions and the company’s valuation metrics points to possible challenges in securing traditional financing alternatives
Notably, this offering is being conducted under an existing shelf registration from March 2023, which provides some efficiency in the process but also indicates this capital raise was anticipated in their longer-term planning. The lack of specific terms and size of the offering adds uncertainty to the immediate impact on existing shareholders.
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 syndicate@aegiscap.com, 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: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
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
FAQ
What is the purpose of Volcon’s (VLCN) February 2024 public offering?
Volcon’s public offering aims to raise funds for general corporate and working capital needs through the sale of common stock, pre-funded warrants, and warrants to purchase common stock.
How will Volcon’s (VLCN) new public offering affect existing shareholders?
The public offering could potentially dilute existing shareholders’ ownership as it involves issuing new shares of common stock and warrants.
Who is managing Volcon’s (VLCN) February 2024 public offering?
Aegis Capital Corp is acting as the sole book-running manager for the offering on a firm commitment basis.
What securities are being offered in Volcon’s (VLCN) public offering?
Volcon is offering common stock (or pre-funded warrants in lieu thereof) and warrants to purchase shares of common stock.
Under what registration statement is Volcon (VLCN) conducting this offering?
The offering is being conducted under an effective shelf registration statement on Form S-3 (No. 333-269644), which was declared effective by the SEC on March 21, 2023.
