Volcon Inc Stock Price, News & Analysis

Volcon Inc. (NASDAQ: VLCN) announced on August 22, 2022, a $27.2 million convertible senior notes offering due in 2024. These senior unsecured notes have an 8.0% original issue discount and will only accrue interest upon an event of default. The issuance includes warrants for approximately 9.1 million shares at an exercise price of $2.85. The notes will mature on February 24, 2024, and the transaction is expected to close on August 24, 2022. Aegis Capital Corp. is the exclusive placement agent for this offering.

Volcon Inc. (NASDAQ: VLCN) announced over $100 million in pre-production orders for its all-electric UTV, the Stag, which utilizes General Motors' electric propulsion technology. With more than 90% of these orders from its dealer network, Volcon has exceeded its 2023 sales targets following a successful dealer launch. The Stag's MSRP is set at $39,999. The company is now focusing on ramping up its supply and production capabilities in collaboration with General Motors to meet the high demand while continuing to accept consumer reservations.

Volcon Inc. (NASDAQ: VLCN) reported its Q2 2022 financial results, highlighting significant progress in dealer partnerships and product launches. The company signed over 100 dealers and fulfilled initial orders for its Grunt model. Notable milestones include the July 1 launch of the 2023 Volcon Stag, which has attracted over $70 million in pre-orders. Revenue increased to $2.4 million, while net loss rose to $9.9 million. The partnership with General Motors aims to enhance future vehicle performance.

Volcon Inc. (NASDAQ: VLCN) has announced its collaboration with General Motors to equip all its off-road utility terrain vehicles (UTVs) with GM's electric propulsion systems. This partnership will allow the upcoming Volcon Stag and future models to leverage GM's proven technology for enhanced performance and sustainability. The Stag, set to launch in 2023, promises to deliver innovative features and a thrilling experience. The alignment with GM aims to reduce R&D costs and accelerate market entry, supporting Volcon's mission of electrifying the off-road powersports industry.

Volcon Inc. (NASDAQ: VLCN) announced the opening of pre-production orders for its first all-wheel drive, fully electric UTV, the Stag, which started on June 27, 2022. The company has received thousands of non-binding pre-orders, potentially generating over $70 million in revenue. The MSRP for the Stag is set at $39,999, and dealers can place orders until inventory is sold out. CEO Jordan Davis noted strong dealer acceptance and an accelerated pre-order pace. Volcon is exploring solutions to supply chain constraints, although no guarantees are provided.

Volcon Inc. has unveiled the Volcon Stag, an all-electric UTV offering a class-leading 125 hp and 265 lb-ft of torque. The vehicle features a unique electric power plant capable of exceeding 140 hp with paddle shifters and overboost mode. It includes selectable driving modes, a 7.2 kW charger for quick recharge, and a four-person capacity. The anticipated MSRP starts at $39,999 with availability expected in Summer 2023. Reservations can be made online, enhancing the company's push into the electric powersports market.

Volcon Inc. (NASDAQ: VLCN) is launching its all-electric UTV, Stag, on July 1, 2022, at 1 PM EST. This vehicle promises class-leading performance, utilizing advanced EV technology while being environmentally friendly. The company reports strong dealer interest in pre-launch sales and is preparing for limited availability based on production estimates for 2023. Volcon aims to attract off-road enthusiasts, professionals, and curious customers. Reservations will be available on the company's website.

Volcon Inc. has announced an exclusive distribution agreement with Torrot Electric Europa SA to distribute electric off-road motorcycle products across Latin America, South America, and the Caribbean. This partnership aims to enhance revenue and profitability through existing dealer networks. The collaboration will leverage Volcon's current infrastructure, allowing for rapid market entry with minimal overhead costs. The Torrot line caters to young riders aged 3 to 11, supporting Volcon's mission for sustainable outdoor experiences.

Volcon Inc. (NASDAQ: VLCN) has announced the successful signing of 100 dealers in North America for its all-electric off-road vehicles. This rapid expansion highlights the growing demand for electric powersports. Beginning the second week of May 2022, dealers will receive the Volcon Grunt, further enhancing their product offerings. Positive initial responses from both dealers and customers emphasize the vehicle's appeal in outdoor activities. National Sales Director Dave Auringer notes the swift growth of their dealer network and the strong future ahead as they continue to innovate.