Volcon (NASDAQ:VLCN) commenced an underwritten public offering of shares of its securities.
The company intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses and capital expenditures.
The company expects to grant Aegis Capital Corp. a 45-day option to purchase additional shares of up to 15% of the number of shares.
The actual size or terms of the offering are not yet finalized.