Volcon Inc is an innovative company focused on the design and manufacture of electric off-road vehicles. The company aims to revolutionize the outdoor recreational and utility vehicle markets by offering environmentally friendly alternatives that combine advanced electric technology with rugged performance. Volcon's product lineup includes electric motorcycles and all-terrain vehicles, catering to both enthusiasts and professionals seeking sustainable solutions for their outdoor adventures. Through its commitment to sustainability and cutting-edge engineering, Volcon strives to provide high-performance vehicles that meet the demands of a growing market for eco-conscious transportation. Read More
Volcon, Inc. (NASDAQ: VLCN). (the “Company,” “Volcon” or “Empery Digital”) today announced updates to its bitcoin acquisition strategy and current holdings. Since its last update on July 25th, the company has acquired an additional 316.8 BTC for a total purchase price of $37.3 million. As of the time of this release, the Company holds 3,500.18 BTC acquired for an aggregate purchase price of ~$412 million, reflecting an average effective purchase price of $117,683 per BTC. The purchase price reflects the benefit of premiums received as part of the Company’s broader BTC acquisition strategy which incorporates derivative sales to reduce the cost basis of BTC acquired. The Company sold additional short-term put contracts giving the Company the option to potentially buy additional BTC at strike prices between $115,000 and $118,000 at various times in the near future.
Electric vehicle company Volcon Inc. (NASDAQ:VLCN) on Friday announced it now holds 3,183.37 Bitcoin (CRYPTO: BTC), purchased for approximately $375 million at an average acquisition price of
Volcon, Inc. (NASDAQ: VLCN) (the “Company,” “Volcon” or “Empery Digital”) today announced that as of July 25th at 8:00am ET, the Company holds 3,183.37 BTC acquired for an aggregate purchase price of ~$375 million, reflecting an average purchase price of $117,697 per BTC. The Company has also sold various short-term put contracts giving the Company the opportunity to potentially buy additional BTC at $115,000, $116,000 and $117,000 while collecting option premium to reduce the cost of BTC. This aligns well with the Company’s continued BTC acquisition strategy.
Aegis Capital announced its role as co-placement agent and exclusive financial advisor in the successful $500 million private placement for Volcon, Inc. (NASDAQ: VLCN), an emerging digital asset and power sports company soon to rebrand as Empery Digital, Inc. The offering, which featured strong participation from leading crypto venture firms and institutional investors, marks the launch of the company’s bitcoin treasury strategy. Volcon intends to allocate over 95% of the gross proceeds toward acquiring BTC and has partnered with Gemini for institutional-grade execution and custody services. The transaction highlights Aegis’ continued leadership in transformative digital finance deals.
Volcon, Inc. (NASDAQ: VLCN) (the “Company,” “Volcon” or “Empery Digital”) has closed its previously announced private placement with gross proceeds over $500,000,000 (the “Private Placement”) and has now launched its bitcoin treasury strategy with a plan to allocate more than 95% of the gross proceeds from the Private Placement to the acquisition of BTC.
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Shares of electric vehicle maker Volcon Inc (NASDAQ:VLCN) are trading sharply higher Thursday morning after the company revealed it has secured over $500 million in a
