Welcome to our dedicated page for Volcon news (Ticker: $VLCN), a resource for investors and traders seeking the latest updates and insights on Volcon stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Volcon's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Volcon's position in the market.
Rhea-AI Summary
Volcon Inc. (VLCN) appoints Doug Cline as the new Director of Sales for the United States. With over 15 years of experience in operations, strategy, and business development, Doug brings a proven track record of driving growth and executing successful sales strategies. His strategic initiatives resulted in increases in sales and customer retention. Doug's appointment marks a significant step forward for Volcon ePowersports as the company continues to innovate and expand its presence in the electric powersports industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.34%
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Rhea-AI Summary
Volcon, Inc. (NASDAQ:VLCN) Secures $18.0 Million in Underwritten Public Offering with Aegis Capital Corp. as Sole Bookrunner
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.31%
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Rhea-AI Summary
Volcon, Inc. (NASDAQ: VLCN) Announces Closing of $18.0 Million Public Offering. Volcon, the first all-electric, off-road powersports company, closed a firm commitment underwritten public offering, generating aggregate gross proceeds of $18.0 million. The offering consisted of 42,857,142 Common Units or Pre-funded Units, with the purchase price of each Common Unit at $0.42 and each Pre-Funded Unit at $0.41999. The Company anticipates using the proceeds for inventory purchases, marketing and sales support, and investor and public relations campaigns to support the pending launch of the Volcon Stag UTV in the fourth quarter of 2023. Based on its sales forecasts and cost reduction measures, the Company expects the funding to sustain its operations through 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.31%
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Rhea-AI Summary
Volcon, Inc. (NASDAQ: VLCN) announced the closing of a firm commitment underwritten public offering, raising $18.0 million. The offering included 42,857,142 Common Units or Pre-funded Units, with Aegis Capital Corp. granted a 45-day option to purchase additional shares and warrants. The net proceeds will be used for general corporate purposes. The offering was made pursuant to an effective registration statement on Form S-1 (No. 333-274800) previously filed with the U.S. Securities and Exchange Commission (the 'SEC') and declared effective on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.19%
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Rhea-AI Summary
Volcon, Inc. (NASDAQ:VLCN) announced a firm commitment underwritten public offering with gross proceeds of approximately $18.0 million. The offering consists of 42,857,142 Common Units or Pre-funded Units, with the purchase price of each Common Unit at $0.42. The net proceeds will be used for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-64.46%
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Rhea-AI Summary
Volcon Inc. reports operational highlights and financial results for Q3 2023. The company announced the Stag trim packages and the first model to be produced. They have delivered the first Grunt EVOs to a customer and have 133 dealers. The launch of the Runt LT has been delayed until 2024. The company has made progress on the development of the Stag and completed all regulatory and safety tests. They have asked pre-order customers to adjust their orders based on the new trim packages. The Stag launch is now anticipated to be in November 2023. The company has shipped over 50 Grunt EVOs to customers and has additional orders to fulfill. The US dealer count has declined by 10 dealers. The company has entered into an accounts receivable factoring agreement. Canadian dealer signings have been deferred. The company's revenue for Q3 2023 was $0.5 million. The net loss for Q3 2023 was $11.3 million. Adjusted EBITDA for Q3 2023 was a loss of $8.9 million.
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Rhea-AI Sentiment
End-of-Day
0.89%
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Volcon expands global distribution network into New Zealand through an exclusive agreement with Indi Imports. The collaboration is facilitated by Tom Wood Group. Volcon's electric vehicles align with New Zealand's environmental stewardship and the growing demand for EVs in the agriculture sector.
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Rhea-AI Sentiment
End-of-Day
-1.3%
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Volcon Inc. announces low-volume production and testing for its Stag UTV
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Rhea-AI Sentiment
End-of-Day
0.73%
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Volcon Inc. begins shipping units of the new Grunt EVO motorcycle to US customers
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Rhea-AI Sentiment
End-of-Day
5.38%
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Rhea-AI Summary
Volcon Inc. announces a 1-for-5 reverse stock split of its common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
386.19%
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Volcon, Inc.
Nasdaq:VLCN
VLCN Rankings
VLCN Stock Data
6.09M
18.72M
0.17%
0.12%
1.66%
Heavy Duty Truck Manufacturing
Manufacturing
United States of America
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