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Volcon, a Listed Company, Acquires 280.14 Bitcoins for the First Time and Completes Over $500 Million Private Placement Financing for Bitcoin Purchase
Summary: According to reports, the U.S. listed electric vehicle company Volcon has acquired 280.14 Bitcoins for the first time and completed over $500 million in private placement financing for Bitcoin purchase. On July 17, electric vehicle company Volcon announced its adoption of a Bitcoin financial strategy. It has entered into securities purchase agreements with certain institutions ...
According to reports, the U.S. listed electric vehicle company Volcon has acquired 280.14 Bitcoins for the first time and completed over $500 million in private placement financing for Bitcoin purchase.
On July 17, electric vehicle company Volcon announced its adoption of a Bitcoin financial strategy. It has entered into securities purchase agreements with certain institutions and accredited investors to privately purchase and sell 50,142,851 shares of common stock at a price of $10 per share, with expected total proceeds exceeding $500 million, net of placement agent fees and other issuance expenses (private placement). Empery serves as the lead investor, with participants in this issuance including well-known crypto venture capital firms and infrastructure providers such as FalconX, Pantera, Borderless, RK Capital, and Relayer Capital, as well as traditional financial investors.
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Link: Volcon, a Listed Company, Acquires 280.14 Bitcoins for the First Time and Completes Over $500 Million Private Placement Financing for Bitcoin Purchase [Copy]
