Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Volcon Stock (VLCN) Is Down Over 60%

Volcon Inc (NASDAQ: VLCN) shares are trading lower by 68% to $0.21 Thursday morning after the company announced it is raising approximately $18 million through a
byHenry Khederian
November 16, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

Volcon Inc (NASDAQ:VLCN) shares are trading lower by 68% to $0.21 Thursday morning after the company announced it is raising approximately $18 million through a public offering.

Volcon is selling Common Units or Pre-funded Units, which consist of stock or pre-funded warrants, along with warrants at set prices and expiration dates. These funds will be used for general corporate purposes.

The offering’s completion depends on standard conditions, with an option for additional shares to cover potential over-allotments.

See Also: How To Earn $500 A Month From Target Stock Following Earnings Beat

According to data from Benzinga Pro, VLCN has a 52-week high of $10.00 and a 52-week low of $0.20.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Canopy Growth CEO Says German Cannabis Market Has ‘Ability To Grow 10x’ Following Legalization

By Erica Kollmann
March 26, 3:30 PM
Last week, the German government partially legalized cannabis, and Canopy Growth shares lit up. Canopy Growth CEO David Klein joined BNN Bloomberg on Friday and discussed the effects of the legislation for the company.  Klein sees Germany's cannabis market growing from its current value of just under $500 million to an over $2.5 billion market in the next 2 years.

CGC