Volcon closes $18M public offering of common/pre-funded units and warrants

Empery Digital Inc.

Gross proceeds of $18.0M from 3.3M common units at $0.42 and 39.5M pre-funded units at $0.41999 per unit.
Each unit includes one share (or pre-funded warrant) plus 0.35 Series A and 0.35 Series B warrants.
Aegis Capital acted as sole bookrunner; over-allotment partially exercised for 842,575 Series A and B warrants.
Company amended existing convertible notes and warrants with Empery holders to allow Offering flexibility.
Net proceeds intended for general corporate purposes; offering closed November 17, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Empery Digital Inc. entered into Amendment with Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP (effective 2023-11-17).

Action: entry
Agreement: notes offering
Counterparty: Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP
Effective: 2023-11-17

Exact text from the filing

On November 17, 2023, the Company entered into an amendment agreement (the “Amendment”) with Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Debt Opportunity Fund, LP (collectively, the “Holders”), the holders of certain convertible notes and warrants.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Empery Digital Inc. entered into Underwriting Agreement with Aegis Capital Corp. (effective 2023-11-16).

Action: entry
Agreement: underwriting
Counterparty: Aegis Capital Corp.
Effective: 2023-11-16

Exact text from the filing

On November 16, 2023, Volcon, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (the “Underwriter”), in connection with a firm commitment underwritten public offering

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38 material agreements filed in the last 30 days. Browse all material agreements →

Empery Digital Inc. filing history →

Source: SEC EDGAR

accession 0001683168-23-008308

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