Volcon Inc Stock Price, News & Analysis

Volcon ePowersports (NASDAQ: VLCN) has announced that Electric Wheels will distribute the Volcon HF1 UTV in the United Kingdom and Europe. Electric Wheels, as the official European Distributor, will manage a dealer network across these regions. The distribution agreement comes through the HF1 manufacturer, which has licensing rights from Volcon for markets outside North America.

The HF1, Volcon's fastest vehicle to date, features all-wheel drive, 27" tires, speeds exceeding 50 mph, and a 700 kg payload capacity. The vehicle is currently undergoing UK and EU certification. While the company notes this agreement won't initially impact Volcon's finances, CEO John Kim views the European expansion as brand validation and a potential source of future royalties under their manufacturing agreement.

Volcon ePowersports (NASDAQ: VLCN) has announced that its 250W Brat model has successfully obtained Japanese government certification, allowing immediate sales throughout Japan. Certification for the 750W model is still in progress.

Volcon (NASDAQ:VLCN) announced a 1-for-8 reverse stock split effective November 8, 2024. The company's common stock will trade on Nasdaq Capital Market under the same ticker 'VLCN' but with a new CUSIP number starting November 11, 2024. The split will reduce outstanding shares from approximately 4.49 million to 0.56 million, while authorized shares remain at 250 million. Fractional shares will be rounded up to the nearest whole number, and the nominal par value remains $0.00001 per share.

Volcon ePowersports (NASDAQ: VLCN) has released a company update video featuring CEO John Kim. The video provides information about Volcon's latest product lineup, specifically focusing on updates to their UTV (Utility Task Vehicle) product roadmap. This announcement aims to keep investors and stakeholders informed about the company's current developments in the electric powersports industry. Interested parties can access the full update video through a provided link. For additional information or media inquiries, Volcon has made their media contact email available.

Volcon ePowersports (NASDAQ: VLCN) has announced that CEO John Kim has released a video update addressing recent company developments. The full update can be viewed via a provided link. The company encourages stakeholders to stay tuned for further updates and directs media inquiries to media@volcon.com.

Volcon Inc. (NASDAQ:VLCN) has announced the launch and first production run of the HF1 Electric UTV, a three-person single row vehicle combining cutting-edge technology with rugged performance. The production has started one full quarter ahead of schedule, with the first 27 units ready to ship this week. The HF1 features a 350-volt automotive electric system with a high power battery pack that has received UN 38.3 Certification.

Key features of the HF1 include:

• Electric drivetrain with speeds up to 60 mph and a range of up to 60 miles
• 17.5 kWh battery system with quick recharge times
• Advanced suspension system and all-wheel drive capabilities
• 13-inch LCD display with backup camera and bluetooth compatibility
• GPS tracking and mobile connectivity

The HF1 is designed for versatility, suitable for recreational use, commercial tasks, and agricultural applications.

Volcon Inc. (NASDAQ:VLCN) has signed a distribution agreement with a prominent Japanese vehicle distributor, Pista Enterprises, G.K., to introduce its popular Brat electric bike with unique café racer options to the Japanese market. The Brat is expected to be available for sale during the 2024 holiday season, pending certification with the Japanese government.

This collaboration marks a significant milestone in Volcon's expansion strategy, targeting Japan's rapidly evolving electric vehicle market. The Brat, known for its versatility, performance, and sustainability, will feature a café racer configuration, blending vintage aesthetics with modern technology to appeal to urban commuters and adventure enthusiasts in Japan.

Volcon Inc. (NASDAQ:VLCN), an all-electric off-road powersports company, reported its Q2 2024 operational and financial results. Key highlights include:

1. Regained Nasdaq compliance on July 17, 2024
2. Raised $12 million in July 2024 from an equity offering
3. Delivered three additional Stags to the Army Corps
4. Signed agreements for new Grunt EVO and UTV models
5. Appointed Adrian Solgaard as a new independent board member

Financial results:
- Revenue: $0.9 million (Q2 2024) vs $1.0 million (Q1 2024)
- Gross Margin: -$2.2 million
- Net loss: $0.6 million
- Adjusted EBITDA loss: $5.1 million

The company is focusing on reducing costs and streamlining product development through partnerships with manufacturers.

Volcon Inc. (NASDAQ:VLCN), the pioneering all-electric off-road powersports company, has released a 6-month CEO update video on its website. The video, available on YouTube, provides insights into the company's progress over the past half-year. As the first company in its sector to focus exclusively on electric vehicles for off-road use, Volcon's update is likely to be of significant interest to investors and industry watchers alike.

While specific details of the update are not provided in the press release, the video is expected to cover key developments, potential challenges, and future plans for the company. This transparency in communication is often viewed positively by shareholders and could potentially impact the stock's performance.