Aegis Capital Corp. Facilitates $500 Million Private Placement for Volcon, Paving the Way for Bitcoin Treasury Strategy

Aegis Capital Corp. has successfully acted as co-placement agent and exclusive financial advisor in a $500 million private placement for Volcon, Inc. (NASDAQ: VLCN), an emerging player in the digital asset and power sports sector, which is set to rebrand as Empery Digital, Inc. This substantial financial move underscores the growing intersection between traditional finance and the digital asset space, with Volcon earmarking over 95% of the gross proceeds for bitcoin acquisitions. The company has partnered with Gemini, a leading cryptocurrency exchange, to ensure institutional-grade execution and custody services for its bitcoin treasury strategy.

The private placement attracted significant interest from leading crypto venture firms and institutional investors, highlighting the increasing institutional appetite for digital assets. This transaction not only marks a pivotal moment for Volcon as it transitions into Empery Digital, Inc. but also showcases Aegis Capital Corp.'s expertise and leadership in facilitating transformative deals within the digital finance arena. The move by Volcon to allocate a vast majority of the raised funds towards bitcoin reflects a broader trend of companies diversifying their treasury strategies to include digital assets as a hedge against inflation and currency devaluation.

The involvement of Aegis Capital Corp. in this deal is a testament to the firm's robust capabilities in investment banking and its ability to navigate the complexities of the digital asset market. With over 40 years of experience, Aegis has established itself as a trusted advisor to private clients, institutions, and corporations, offering a comprehensive suite of financial services. This transaction further solidifies Aegis's position at the forefront of digital finance, bridging the gap between traditional financial markets and the burgeoning digital asset ecosystem.

For more details on the announcement, visit https://ibn.fm/yvS02. This development is a clear indicator of the evolving financial landscape, where digital assets are increasingly becoming a cornerstone of corporate treasury strategies, signaling a shift in how companies manage and grow their financial reserves in the digital age.