Volcon

Volcon, Inc. engages in the design and development of electric outdoor power sports vehicles. It also offers electric two and four-wheel motorcycles and utility terrain vehicles. The company was founded by Christian Gerard Okonsky and Adrian James on February 21, 2020 and is headquartered in Round Rock, TX.

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NEW YORK, NY / ACCESSWIRE / November 20, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $18.0 Million Underwritten Public Offering for Volcon, Inc. (NASDAQ:VLCN). About Volcon, Inc. Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community.

Aegis Capital Corp. acted as Sole Bookrunner on a $18.0 Million Underwritten Public Offering for Volcon, Inc. (NASDAQ: VLCN)

AUSTIN, TX / ACCESSWIRE / November 20, 2023 / As previously announced on November 17, 2023, Volcon, Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the closing of a firm commitment underwritten public offering. The aggregate gross proceeds to the Company were $18.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company.

Volcon ePowersports Completes an Underwritten Public Offering to Fund Delivery of the Stag and Support 2024 Operations

AUSTIN, TX / ACCESSWIRE / November 17, 2023 / Volcon, Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the closing of a firm commitment underwritten public offering. The aggregate gross proceeds to the Company were $18.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company.

Volcon, Inc. Announces Closing of $18.0 Million Underwritten Public Offering

AUSTIN, TX / ACCESSWIRE / November 16, 2023 / Volcon, Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $18.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consists of 42,857,142 Common Units or Pre-funded Units, each consisting of one share of common stock or one pre-funded warrant ("Pre-Funded Warrant") to purchase one share of common stock, 0.35 of a warrant to purchase one share of common stock at an exercise price of $0.55 per share (or 130% of the price of each Common Unit sold in the offering) or pursuant to an alternative cashless exercise option, which warrant will expire on the five-year anniversary of the original issuance date (the "Series A Warrants") and 0.35 of a warrant to purchase one share of common stock at an exercise price of $0.84 per share (or 200% of the price of each Common Unit sold in the offering), which warrant will expire on the five-year anniversary of the original issuance date (the "Series B Warrants" and together with the Serie s A Warrants, the "Warrants").

Volcon, Inc. Announces Pricing of $18.0 Million Underwritten Public Offering

Volcon (NASDAQ: VLCN ) stock is falling on Thursday after the electric off-road power sports vehicle maker filed a notice of effectiveness for a public share offering. According to a filing with the Securities and Exchange Commission, the company is selling up to 19,565,217 shares of VLCN stock in this offering.

Why Is Volcon (VLCN) Stock Doqn 37% Today?

AUSTIN, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'' or the “Company”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the third quarter of 2023.

Volcon ePowersports Reports Third Quarter 2023 Operational and Financial Results

AUSTIN, Texas, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today it has expanded its global distribution network into New Zealand. The Company penned an exclusive distribution agreement with Powersports Import and Distribution Limited, trading as Indi Imports. Indi Imports joins a family of established specialist powersports and automotive businesses in Queenstown Lakes District, Wānaka, New Zealand.

Volcon ePowersports Strikes Exclusive Distribution Deal with Indi Imports in New Zealand

AUSTIN, Texas, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today it has entered low-volume production and is conducting production validation testing for its flagship product, the Stag UTV. The Company's manufacturer, GLV Ventures, is currently building production validation units of Stag LTD, one of four trim levels being offered. Early production units are being put through the last phase of testing with compliance testing already complete, marking a major milestone for the Company.

Volcon ePowersports Announces It Has Entered Into Initial Low Volume Production of Its Flagship STAG UTV

Customers will start receiving their new EVOs in a few days. Interest in the electric motorcycle remains strong in both domestic and in LATAM markets.

Initial Units of Volcon's New EVO Electric Motorcycle Now Shipping to US Customers

AUSTIN, Texas, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today the signing of a Cooperative Research and Development Agreement (CRADA) with the United States Army Engineer Research and Development Center, Construction Engineering Research Laboratory (ERDC). Volcon believes this collaboration marks a significant step forward in the development of EV technology for both civilian and military applications.

Volcon ePowersports Announces Cooperative Research and Development Agreement with the United States Army Engineer Research and Development Center

AUSTIN, TX / ACCESSWIRE / October 9, 2023 / Volcon Inc. (NASDAQ:VLCN) ("Volcon" or the "Company"), the first all-electric, off-road powersports company, is pleased to announce a financial milestone with the formalization of a factoring agreement with Prestige Capital Finance, LLC ("Prestige"). This arrangement provides Volcon with newfound access to cash, enabling the Company to accelerate its growth and meet the expected demand for its revolutionary electric vehicles.

Volcon ePowersports Secures Financial Boost with Prestige Capital Finance Factoring Agreement

AUSTIN, Texas, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today it has started shipping production units of its new, innovative Grunt EVO motorcycle. Volcon is pleased to start sending its highly anticipated, upgraded, fat-tired motorcycle to dealers and customers in North and Latin American locations. Dealers, distributors, and current reservation holders can expect delivery within two to three weeks.

Volcon Announces First Shipment of Newly Updated Grunt EVO Electric Motorcycle Units

NEW YORK, NY / ACCESSWIRE / September 18, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $700K Underwritten Public Offering for Volcon, Inc. (NASDAQ:VLCN). About Volcon, Inc. Based in the Austin, Texas area, Volcon was founded as the first all-electric powersports company producing high-quality and sustainable electric vehicles for the outdoor community.

Aegis Capital Corp. Acted as Sole Bookrunner on a $700K Underwritten Public Offering for Volcon, Inc. (NASDAQ:VLCN)

AUSTIN, Texas, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN), (“Volcon'' or the “Company”), the first all-electric, off-road powersports company, announced on September 14, 2023 that it has agreed with its convertible noteholders to modify the terms of its convertible notes and implemented cost reduction strategies to provide the Company greater flexibility as it pushes toward the introduction of the first of its UTV models, the Stag, which the Company expects to begin delivering in October 2023.

Volcon, Inc. Announces Improved Debt Position and Strategic Cost Reduction

AUSTIN, TX / ACCESSWIRE / September 18, 2023 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the closing of an underwritten public offering with gross proceeds to the Company of approximately $700,000, before deducting underwriting discounts and other estimated expenses payable by the Company. The base offering consisted of 1,400,000 shares of common stock at a price to the public of $0.50 per share.

Volcon, Inc. Closes $700,000 Underwritten Public Offering, Utilizing Current Remaining Shelf Availability

Volcon (NASDAQ: VLCN ) stock is falling on Friday after the company electric power sports vehicles company revealed details of a public offering. According to a press release from Volcon, the company is offering up 1.4 million shares of VLCN stock at a price of 50 cents each.

Why Is Volcon (VLCN) Stock Down 32% Today?

AUSTIN, TX / ACCESSWIRE / September 15, 2023 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, announced today the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $700,000, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consists of 1,400,000 shares of common stock at a price to the public of $0.50 per share.

Volcon, Inc. Announces Pricing of $700,000 Underwritten Public Offering, Utilizing Current Remaining Shelf Availability

AUSTIN, TX / ACCESSWIRE / September 14, 2023 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced that it has commenced an underwritten public offering of shares of its securities. The Company intends to use the net proceeds from the Offering for general corporate purposes, including working capital, operating expenses and capital expenditures.

Volcon, Inc. Announces Proposed Underwritten Public Offering

AUSTIN, Texas, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today an expansion of the Stag UTV lineup to include a Limited Edition (LTD) trim and three additional trim levels of the Company's flagship product. The new trim levels provide a wider array of options and price points, which the company believes will meet the needs and budgets of a broader base of customers, including off-road enthusiasts, fleet managers, government entities, and those looking for additional outdoor recreation opportunities.

Volcon Announces Additional Trim Levels and Options for Stag Ahead of October Production Launch

AUSTIN, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'' or the “Company”), the first all-electric, off-road powersports company, today corrected its operational highlights and financial results for the second quarter of 2023 that were previously released on August 11, 2023. The previously reported adjusted EBITDA amounts were incorrectly reported for the impacts of share-based compensation, depreciation and amortization expense and interest expense for the three and six months ended June 30, 2023. The GAAP reported amounts were correct in the previous earnings release. The Company also updated its expected shipping date of the Grunt EVO to customers to begin in September 2023.

Volcon ePowersports Reports Corrected Second Quarter 2023 Operational and Financial Results

AUSTIN, Texas, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announces the first shipments for their groundbreaking all-terrain vehicle, the Stag, is expected to begin October 2023. Volcon recently received its final engineering validation unit from manufacturing partner GLV, marking a major development milestone for the Stag. Volcon has been validating the final engineering units, including recent regulatory testing which the Company's vehicle passed. Following these developments, Volcon has begun ramping for production, scheduled to start in October, with the first shipments before the end of that month.

Volcon Achieves Stag Validation Milestone, Announces Stag Delivery Date for October 2023

AUSTIN, Texas, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon'' or the “Company”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the second quarter of 2023.

Volcon ePowersports Reports Second Quarter 2023 Operational and Financial Results

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AUSTIN, Texas, July 05, 2023 (GLOBE NEWSWIRE) -- Volcon, Inc. (NASDAQ: VLCN) announced today that it provided key Department of Defense staff a demonstration of the all-electric Stag UTV and EVO motorcycles under the funded program Electric Tactical Humanitarian Operations Response, or eTHOR, hosted by the NavalX SoCal Tech Bridge at Marine Corps Tactical Systems Support Activity (MCTSSA), in Camp Pendleton, CA. This project was developed through the SoCal Tech Bridge's ongoing relationship with Naval Information Warfare Center - Pacific (NIWC-PAC) to provide government evaluation and engagement with new technologies and with CANA LLC, serving as lead system integrator while providing modeling, simulation and analysis, and strategic stakeholder engagement. Working with Amazon Web Services (AWS), a subsidiary of Amazon.com Inc., and other integrators, the purpose of the demonstration and assessment was to test eTHOR functionality within a variety of military vignettes. Volcon demonstrated Level 3 fast charging, silent overwatch, night reconnaissance, and the ability to charge their EVO off-road motorcycle from a modified Stag UTV to exhibit power exporting capabilities. Data gathered will be used for continued modeling, simulation, and analysis, creating digital environments that synthesize the results of innumerable types of experimentation. The demonstration and testing event supports validation that there is a real, tested, and expeditious transition path for commercial integrated electric vehicle technology into the military operating environment.

Volcon Demonstrates Electric Vehicles to Key DoD Staff, Enters Funded Operational Energy Program

AUSTIN, Texas, June 06, 2023 (GLOBE NEWSWIRE) -- Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, announced today that it has received notice of award of two additional orders to deliver a total of five Stag UTV vehicles to the U.S. Army under the management of the U.S. Army Engineer Research and Development Center's (ERDC) Construction Engineering Research Laboratory (CERL). The Stag is expected to be delivered to multiple U.S. Army locations in late 2023.

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