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Benzinga

Business

Henry Khederian

Volcon (VLCN) Stock Soars On $500M Funding And Strategic Pivot To Bitcoin

Volcon VLCN Bitcoin Volcon Inc Crypto electric vehicle

Bitcoin Shutterstock

Shares of electric vehicle maker Volcon Inc (NASDAQ:VLCN) are trading sharply higher Thursday morning after the company revealed it has secured over $500 million in a private placement and will pivot its corporate treasury strategy to focus on Bitcoin (CRYPTO: BTC).

What To Know: Volcon entered into agreements with institutional investors to sell approximately 50.1 million shares of common stock at $10.00 per share. The financing was led by Empery Asset Management and saw participation from prominent crypto venture firms, including FalcolnX, Pantera and Borderless.

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Top stories on inkl right now

China militia boat spotted off Taiwan’s east coast for first time: Report

China militia boat spotted off Taiwan’s east coast for first time: Report

A Chinese fishing boat believed to be part of Beijing’s maritime militia has been spotted operating alongside a coast guard cutter and a research vessel off Taiwan’s Pacific coast, in what appears to be the first known sighting of such a vessel in the strategically sensitive waters.

The Times of India

Police fire tear gas at a barricaded high school in Paris as school protests show no sign of ending

Police fire tear gas at a barricaded high school in Paris as school protests show no sign of ending

Students in northeastern Paris gathered Thursday to protest outside a high school, with police responding using tear gas

The Independent UK

Rescuers pull bodies from rubble as Ukraine's death toll rises to 22 from a Russian missile strike

Rescuers pull bodies from rubble as Ukraine's death toll rises to 22 from a Russian missile strike

Rescuers are searching through the rubble of a residential building hit by a Russian missile in Pryluky, Ukraine

The Independent UK

Donald Trump's ICE Obtained 50M Voter Records as Documents Expose Proposed Palantir Data Transfer

Donald Trump's ICE Obtained 50M Voter Records as Documents Expose Proposed Palantir Data Transfer

Documents obtained by Democracy Forward show ICE collected 50.6 million voter records and considered transferring state election data to Palantir's ELITE system, although the transfer has not been confirmed.

International Business Times UK

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Isaias surges towards Gulf Coast after becoming first hurricane of Atlantic season

Isaias surges towards Gulf Coast after becoming first hurricane of Atlantic season

Forecasters warned Isaias could deliver destructive hurricane-force winds

The Independent UK

Senegal and Morocco set for AFCON title rematch – in Swiss sports court

Senegal and Morocco set for AFCON title rematch – in Swiss sports court

Senegal and Morocco on Thursday are again set to fight for the African Cup of Nations title – this time, in the Court of Arbitration for Sport in Switzerland. The closed-door hearing comes nine months after the Confederation of African Football stripped Senegal of their trophy after the team's players…

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Top stories on inkl right now

China militia boat spotted off Taiwan’s east coast for first time: Report

China militia boat spotted off Taiwan’s east coast for first time: Report

A Chinese fishing boat believed to be part of Beijing’s maritime militia has been spotted operating alongside a coast guard cutter and a research vessel off Taiwan’s Pacific coast, in what appears to be the first known sighting of such a vessel in the strategically sensitive waters.

The Times of India

Police fire tear gas at a barricaded high school in Paris as school protests show no sign of ending

Police fire tear gas at a barricaded high school in Paris as school protests show no sign of ending

Students in northeastern Paris gathered Thursday to protest outside a high school, with police responding using tear gas

The Independent UK

Rescuers pull bodies from rubble as Ukraine's death toll rises to 22 from a Russian missile strike

Rescuers pull bodies from rubble as Ukraine's death toll rises to 22 from a Russian missile strike

Rescuers are searching through the rubble of a residential building hit by a Russian missile in Pryluky, Ukraine

The Independent UK

Donald Trump's ICE Obtained 50M Voter Records as Documents Expose Proposed Palantir Data Transfer

Donald Trump's ICE Obtained 50M Voter Records as Documents Expose Proposed Palantir Data Transfer

Documents obtained by Democracy Forward show ICE collected 50.6 million voter records and considered transferring state election data to Palantir's ELITE system, although the transfer has not been confirmed.

International Business Times UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Isaias surges towards Gulf Coast after becoming first hurricane of Atlantic season

Isaias surges towards Gulf Coast after becoming first hurricane of Atlantic season

Forecasters warned Isaias could deliver destructive hurricane-force winds

The Independent UK

Senegal and Morocco set for AFCON title rematch – in Swiss sports court

Senegal and Morocco set for AFCON title rematch – in Swiss sports court

Senegal and Morocco on Thursday are again set to fight for the African Cup of Nations title – this time, in the Court of Arbitration for Sport in Switzerland. The closed-door hearing comes nine months after the Confederation of African Football stripped Senegal of their trophy after the team's players…

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Kourtney Kardashian had fiery response to that viral Jennifer Lawrence video

Kourtney Kardashian was furious after seeing a video of Jennifer Lawrence calling her "more annoying than ever".

Freddie Jackson, romantic US singer with 10 R&B chart-toppers, dies aged 70

Celebrated for his earnest, dextrous voice, Jackson crossed into the pop charts with the hits Rock Me Tonight (For Old Times Sake) and You Are My Lady

The Guardian - UK

Fashion designer sued after allegedly ditching jeweler’s creations from Met Gala celebrity outfits

Exclusive: ‘At least the judge and jury will get a chance to see’ Julian Polak’s designs, the celebrated jeweler’s attorney told The Independent

The Independent UK

Country Singer Ella Langley Faces Social Media Backlash as Old Alabama Hunting Photos Resurface

Country singer Ella Langley is facing online criticism after photographs showing her with hunted animals resurfaced, although there is no indication the controversy has affected her music or touring plans.

International Business Times UK

Travis Barker reveals reason for hospital visit

Travis Barker shared photos from hospital, where his wife, Kourtney Kardashian, and daughter, Alabama Barker, were by his side, on Tuesday (06.10.26).

George Clooney ‘planning to open Italian restaurant in France’

The Oscar-winning actor is said to be preparing to open the eaterie near the Provençal estate where his family have established their home in France.

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