Volcon Inc - VLCN STOCK NEWS

Volcon ePowersports has undergone a significant transformation under CEO John Kim's leadership over the past 12 months. The company has shifted from an R&D-focused organization to one that collaborates with manufacturers to brand and sell electric vehicles. This strategic pivot was highlighted by their recent AODES (Super Sonic) collaboration, which secured $19.45 million in funding for their golf cart and utility vehicle market expansion.

The company is leveraging Vietnam's favorable 2.5% tariff rate compared to China's 500%, positioning them to import high-quality, low-cost electric vehicles. The funding will primarily support inventory acquisition and sales team expansion. CFO Greg Endo projects the company to achieve cash flow positivity by Q4 2025 and maintain operational funding through 2026.

Volcon has implemented significant cost reductions through streamlined manufacturing and outsourced marketing while maintaining their commitment to two-wheel vehicles. The company aims to capitalize on the disruptive market opportunity in the US golf cart and UTV sectors.

Volcon Inc (NASDAQ:VLCN), an all-electric off-road powersports company, has announced a firm commitment underwritten public offering expected to raise approximately $12.0 million in gross proceeds. The offering includes 6,000,000 Common Units, each priced at $2.00, consisting of one share of Common Stock (or Pre-Funded Warrant) and one Registered Common Warrant.

The Common Warrants have an initial exercise price of $2.00 per share and will be exercisable for 60 months. The company previously sold 1,831,558 shares through an At-The-Market offering for approximately $9.47 million. After the offering's closure and exercise of Pre-Funded Warrants, Volcon expects to have approximately 8,475,607 shares outstanding.

The offering is expected to close around February 6, 2025, with Aegis Capital Corp serving as the sole book-running manager. The proceeds will be used for general corporate purposes and working capital. The securities are being offered through an effective shelf registration statement on Form S-3.

Volcon (NASDAQ: VLCN) reported Q4 2024 financial results and operational highlights. Revenue for Q4 2024 was $0.9 million, consistent with Q2 but down from Q3's $1.1 million. The company secured key partnerships, including an exclusive golf cart distribution agreement with Super Sonic Company and a $2.4 million initial purchase order from Venom-EV.

Notable developments include the launch of the HF1 UTV in Q4 2024 and receipt of first prototypes for the FT1 dual sport motorcycle. Financially, Volcon raised $19.5 million through February 2025 via ATM and equity offerings, and announced a $2 million share repurchase program.

Q4 cost of goods included a $2.5 million charge for terminating Stag and EVO supply agreements, partially offset by a $0.7 million reduction in Torrot settlement. The company reports no debt and expects current cash position to sustain operations into 2026.

Volcon (NASDAQ:VLCN) has announced a $2 million share repurchase program authorized by its Board of Directors, effective through March 7, 2026. The company, which specializes in electric vehicles, reported an unrestricted cash balance of $19.1 million as of March 7, 2025.

CEO John Kim emphasized that this decision reflects confidence in Volcon's long-term vision, particularly following their transition to new products including the HF1 and MN1 Tradesman UTVs and the MN1 Adventurer golf cart, along with new golf cart distribution agreements. The company expects its current cash position, combined with projected operational cash flow in 2025, to sustain operations into 2026.

The repurchase program will be executed through open market transactions or other legally permitted methods, subject to market conditions and compliance with securities laws. Volcon maintains discretion over the timing, amount, and pricing of share repurchases, with no obligation to acquire a specific number of shares.

Volcon (NASDAQ: VLCN) has secured a significant supply agreement with Venom-EV for golf carts, receiving an initial order of 500 units. The partnership leverages Venom's established presence across 80 U.S. dealers and their premium golf cart lineup ranging from 2 to 6 seats.

Volcon CEO John Kim highlighted that recent funding enables the company to enter the golf cart market aggressively, with plans to capitalize on market opportunities created by U.S. government tariffs on Chinese-made golf carts. Venom-EV CEO Zack Kraus expressed enthusiasm about the partnership, noting it will support their business growth and dealer network supply.

Volcon ePowersports (NASDAQ:VLCN) announced that their HF1 model has arrived at Lithium Powersports in Jacksonville, Florida. The unit is now available for display and purchase at the dealership location. Customers can view and explore the vehicle either in person at the dealership or through their website.

Volcon ePowersports (NASDAQ:VLCN) has announced the first delivery of its HF1 electric vehicle in Colorado to Hal Calvert, a landowner with an 80-acre property. The customer, who exclusively uses sustainable energy sources, will utilize the HF1 for land navigation and property maintenance tasks.

The company's Chief Sales Officer, Josh Rasmussen, highlighted their hybrid sales model that connects UTV and Golf Cart consumers with Volcon's network of over 100 dealers. All four-wheel units purchased through Volcon.com will be allocated to the nearest dealer for customer support. The company is preparing additional HF1 units at their Texas headquarters and plans to increase deliveries following the product launch.

Volcon ePowersports (NASDAQ:VLCN) has announced that its 250W Brat model has received Japanese government certification, enabling immediate sales across Japan. The company is also pursuing certification for its 750W model. This development marks Volcon's entry into the Japanese market, expanding its international presence in the electric powersports sector.

Volcon ePowersports has undergone a significant strategic transformation under CEO John Kim's leadership. The company has shifted from an R&D-focused organization to one that collaborates with manufacturers to brand and sell electric vehicles. A key development is their partnership with AODES (Super Sonic), which helped raise $19.45 million for expanding into the golf cart and utility vehicle market.

The company benefits from favorable Vietnam tariffs of 2.5% compared to China's 500%, strengthening their manufacturing partnership. The recent investment will fund inventory expansion and sales team growth. The company has implemented cost-reduction measures, including reduced headcount and outsourced marketing. CFO Greg Endo projects achieving cash flow positivity by Q4 2025 with operations funded into 2026.