VLCN News

Eight IPOs joined the public market this past week, joined by ten SPACs. Two companies postponed, both citing market conditions: fitness equipment brand iFIT Health & Fitness (IFIT) and drug developer AEON Biopharma (AEON). New filers continued to flood the pipeline, with 22 IPOs and 12 SPACs submitting initial filings. Canada-listed...read more

Volcon, a pre-revenue manufacturer of all-electric off-road powersport vehicles, raised $17 million by offering 3.0 million shares at $5.50, the high end of the range of $4.50 to $5.50. Founded in 2020, the company currently offers two off-road motorcycles, and had expected to begin making deliveries in the third quarter. It plans to expand its offerings with a UTV in 2022,...read more

Five blank check companies went public this past week. While there were no traditional IPO pricings, more than 10 companies launched as the IPO market gears up for a busy September. The pipeline remained active with eight IPOs and eight SPACs submitting initial filings. Five SPACs raised $860 million led by SILVERspac (SLVRU), which raised $250 million to acquire...read more

Volcon, a pre-revenue manufacturer of all-electric off road powersport vehicles, filed on Friday with the SEC to raise up to $15 million. The Round Rock, TX-based company plans to raise $15 million by offering 3 million shares at a price range of $4.50 to $5.50. At the midpoint of the proposed range, Volcon would command a fully diluted market value of $111 million. Volcon is...read more