Volcon shares are trading lower after the company announced a proposed underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Volcon has announced a proposed underwritten public offering, leading to a decrease in its share price.
September 15, 2023 | 12:51 pm
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Volcon's announcement of a proposed underwritten public offering has led to a decrease in its share price.
Public offerings often lead to a decrease in share price due to dilution of shares. As Volcon has announced a proposed underwritten public offering, it is expected that the share price will decrease in the short term.
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