Volcon Inc. changed its corporate name to Empery Digital Inc. and shifted its public-company focus to a Bitcoin treasury strategy, with its common stock trading on Nasdaq under EMPD after the change. News around the former VLCN symbol now centers on BTC acquisitions, custody and portfolio metrics, net asset value references, share repurchase activity, borrowing facilities, and equity financing capacity.
Company updates also reference the remaining mobility business and operational results, including disclosures tied to tariffs, quarterly financial reporting, and the transition from an all-electric off-road powersports issuer to a digital-asset treasury model.
Volcon Inc. (VLCN) has announced its international expansion into Mexico, Costa Rica, and Paraguay, aimed at meeting growing customer demand for its all-electric, off-road vehicles. This expansion is part of a strategic three-phase rollout targeting Latin America in 2021, and plans for Canada, Europe, Africa in 2022, and Southeast Asia and Australia in 2023. CEO Jordan Davis noted strong global interest in Volcon's eco-friendly vehicles, which are suitable for rugged terrains. The Grunt, Volcon's electric motorcycle, is currently shipping worldwide and has garnered significant media attention.
Volcon Inc. (NASDAQ: VLCN), an all-electric powersports company, has received positive media coverage following test rides of its Grunt model at the factory in Austin, TX. The Grunt is a two-wheeled, all-terrain electric motorcycle designed for diverse applications, including outdoor adventures and farm work. Media outlets highlighted its impressive design and functionality, with deliveries already underway since September 2021. Volcon aims to expand its electric vehicle lineup, enhancing outdoor experiences while lowering the environmental impact.
Volcon Inc. (NASDAQ:VLCN) has partnered with Martin Technologies to accelerate the production of their all-electric side-by-side UTV, the Stag, set to launch in 2022. This partnership will leverage Martin's automotive expertise in chassis and component development, including battery and power systems. The Stag aims for a range of up to 150 miles and will lead Volcon's entry into the $7.1 billion UTV market. The company's first product, the Grunt, is already shipping to customers, and the Beast UTV is scheduled for late 2023.
Volcon Inc. (NASDAQ: VLCN) recently announced successful shipments of its first electric motorcycle, the Grunt, with customer orders totaling $1,700,000 and $4,200,000 in refundable reservations. As of September 30, 2021, 708 reservations have been made, potentially leading to significant revenue. Deliveries commenced on September 10, 2021, with plans for a nationwide dealership rollout starting in Q4 2021. The Grunt has garnered substantial media attention, accumulating over 32 million impressions.
Volcon, Inc. has successfully closed its initial public offering (IPO) of 3,025,000 shares at a price of $5.50 per share, generating $16.6 million in gross proceeds. The shares are now listed on the Nasdaq Capital Market under the symbol VLCN. This offering was managed by Aegis Capital Corp., with the SEC declaring the registration statement effective on October 5, 2021. Volcon aims to lead in the all-electric off-road vehicle sector, with plans for future product launches including youth-sized and UTV models.
Volcon, Inc. has successfully completed a $16.6 million Initial Public Offering (IPO) of common stock, with Aegis Capital Corp. acting as the sole bookrunner. This noteworthy IPO marks a significant milestone for Volcon, a pioneer in the all-electric powersports sector, headquartered in Round Rock, Texas. The company aims to enhance outdoor experiences while minimizing environmental impact through its innovative electric off-road vehicles, starting with the Grunt, which began shipping in September 2021.
Volcon, Inc. announced its initial public offering (IPO) of 3,025,000 shares of common stock at $5.50 per share, aiming to raise approximately $16.6 million before expenses. The IPO is set to close on October 8, 2021, pending customary conditions. Aegis Capital Corp. holds a 45-day option for an additional 226,875 shares, potentially raising total proceeds to $17.9 million. Trading on Nasdaq under the symbol VLCN begins October 6, 2021.