Aegis Capital Corp. has announced its involvement as co-placement agent and exclusive financial advisor in a $500 million private placement for Volcon, Inc. (NASDAQ: VLCN), a company on the verge of rebranding as Empery Digital, Inc. This move underscores the growing intersection between digital assets and traditional finance, with Volcon planning to allocate over 95% of the proceeds towards acquiring Bitcoin (BTC), leveraging Gemini for institutional-grade execution and custody services.
The successful placement, which attracted leading crypto venture firms and institutional investors, highlights Aegis Capital's expertise in navigating the evolving landscape of digital finance. This transaction not only signifies a major milestone for Volcon as it pivots towards a digital asset-focused strategy but also reflects the increasing institutional interest in cryptocurrency as a treasury asset.
For more details on the announcement, visit https://ibn.fm/yvS02.
