Volcon hits record low on discounted $20 mln public offering

Empery Digital

28/01/2022 16:46

** Shares of off-road EV maker  VLCN.O  fall as much as
27.5% to $2.74, lowest level since market debut in October 
    ** Stock top pct loser on the Nasdaq 
    ** Co prices offering of 6.67 mln common shares at $3 per
share  urn:newsml:reuters.com:*:nPnb9GSV9a
    ** Offering, which is expected to close on Feb 1, is at a
~21% discount to co's last close of $3.78
    ** Shares down 72.3% YTD vs 13.9% slide in the Nasdaq
composite  .IXIC  

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))