Volcon closes $12M underwritten public offering of equity units with warrants

Empery Digital Inc.

Offering closed Feb 6, 2025: gross proceeds $12M from 6M units at $2.00 per unit.
Each unit: one share (or pre-funded warrant at $0.00001) plus one 5-year common warrant at $2.00.
Post-offering shares outstanding: 8,572,429, assuming full pre-funded warrant exercise.
Net proceeds earmarked for working capital and general corporate purposes.
Aegis Capital acted as sole book-runner; underwriting discount of 8% plus 1% expense allowance.

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