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Volcon Announces Reverse Stock Split

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Volcon (NASDAQ:VLCN), an all-electric off-road powersports company, has announced a 1-for-8 reverse stock split effective June 11, 2025 at 11:59 pm ET. Trading under the same ticker VLCN but with a new CUSIP number 92864V608, the stock will begin trading on a post-split basis on June 12, 2025. The reverse split will reduce outstanding shares from approximately 4.3 million to 0.54 million, while maintaining 250 million authorized shares. The nominal par value remains at $0.00001 per share. Stockholders entitled to fractional shares due to holdings not evenly divisible by 8 will receive cash payments instead.
Volcon (NASDAQ:VLCN), azienda specializzata in veicoli elettrici off-road, ha annunciato uno frazionamento azionario inverso 1-per-8 con effetto dal 11 giugno 2025 alle 23:59 ET. Le azioni continueranno a essere quotate con lo stesso ticker VLCN, ma con un nuovo numero CUSIP 92864V608, e inizieranno a essere negoziate sulla base del frazionamento dal 12 giugno 2025. Il frazionamento ridurrà le azioni in circolazione da circa 4,3 milioni a 0,54 milioni, mantenendo però 250 milioni di azioni autorizzate. Il valore nominale rimane di 0,00001 dollari per azione. Gli azionisti che si troveranno con azioni frazionarie, derivanti da partecipazioni non divisibili per 8, riceveranno un pagamento in contanti.
Volcon (NASDAQ:VLCN), una empresa de vehículos eléctricos todoterreno, ha anunciado una consolidación inversa de acciones 1 por 8 que entrará en vigor el 11 de junio de 2025 a las 11:59 pm ET. Las acciones seguirán cotizando bajo el mismo símbolo VLCN, pero con un nuevo número CUSIP 92864V608, y comenzarán a negociarse con base en la nueva estructura a partir del 12 de junio de 2025. La consolidación reducirá las acciones en circulación de aproximadamente 4.3 millones a 0.54 millones, manteniendo 250 millones de acciones autorizadas. El valor nominal permanece en $0.00001 por acción. Los accionistas que tengan fracciones de acciones debido a participaciones no divisibles por 8 recibirán pagos en efectivo.
Volcon(NASDAQ:VLCN), 전기 오프로드 파워스포츠 회사는 2025년 6월 11일 오후 11시 59분(동부시간)부터 1대 8 역병합을 시행한다고 발표했습니다. 주식은 동일한 티커 VLCN으로 거래되지만 새로운 CUSIP 번호 92864V608가 부여되며, 2025년 6월 12일부터 역병합 후 기준으로 거래가 시작됩니다. 역병합으로 유통 주식 수는 약 430만 주에서 54만 주로 줄어들며, 2억 5천만 주의 승인 주식 수는 유지됩니다. 액면가는 주당 0.00001달러로 변동 없습니다. 8로 정확히 나누어지지 않는 주식을 보유한 주주에게는 현금으로 지급됩니다.
Volcon (NASDAQ:VLCN), une entreprise spécialisée dans les véhicules électriques tout-terrain, a annoncé un regroupement d’actions inversé au ratio de 1 pour 8, effectif à partir du 11 juin 2025 à 23h59 (heure de l’Est). Les actions continueront d’être négociées sous le même symbole VLCN, mais avec un nouveau numéro CUSIP 92864V608, et les échanges sur la base du regroupement commenceront le 12 juin 2025. Ce regroupement réduira le nombre d’actions en circulation d’environ 4,3 millions à 0,54 million, tout en maintenant 250 millions d’actions autorisées. La valeur nominale reste fixée à 0,00001 $ par action. Les actionnaires détenant des fractions d’actions, dues à des participations non divisibles par 8, recevront un paiement en espèces.
Volcon (NASDAQ:VLCN), ein Unternehmen für vollelektrische Offroad-Powersportfahrzeuge, hat eine 1-zu-8-Aktienzusammenlegung angekündigt, die am 11. Juni 2025 um 23:59 Uhr ET wirksam wird. Die Aktien werden weiterhin unter dem Tickersymbol VLCN gehandelt, jedoch mit einer neuen CUSIP-Nummer 92864V608, und der Handel auf Basis der neuen Stückelung beginnt am 12. Juni 2025. Die Zusammenlegung reduziert die ausstehenden Aktien von etwa 4,3 Millionen auf 0,54 Millionen, während die genehmigten Aktien bei 250 Millionen bleiben. Der Nennwert bleibt bei 0,00001 USD pro Aktie. Aktionäre, deren Aktienbestände nicht durch 8 teilbar sind, erhalten eine Barauszahlung für Bruchstücke.
Positive
  • None.
Negative
  • Significant reduction in outstanding shares could indicate financial distress
  • Reverse split often viewed negatively by market as it artificially inflates share price
  • May suggest company is struggling to maintain Nasdaq listing requirements

AUSTIN, TX / ACCESS Newswire / June 10, 2025 / Volcon Inc. (NASDAQ:VLCN), ("Volcon" or the "Company"), the first all-electric, off-road powersports company, today announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split of its common stock. The reverse stock split will take effect at 11:59 pm (Eastern Time) on June 11, 2025, and the Company's common stock will open for trading on The Nasdaq Capital Market on June 12, 2025 on a post-split basis, under the existing ticker symbol "VLCN" but with a new CUSIP number 92864V608.

As a result of the reverse stock split, every 8 shares of the Company's common stock issued and outstanding prior to the opening of trading on June 12, 2025 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.00001. No fractional shares will be issued if, as a result of the reverse stock split, a stockholder would become entitled to a fractional share because the number of shares of common stock they hold before the reverse stock split is not evenly divisible by the split ratio. Instead, the stockholder will be entitled to receive a cash payment in lieu of a fractional share.

As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced from approximately 4.3 million shares to approximately 0.54 million shares, and the number of authorized shares of common stock will remain at 250 million shares.

About Volcon

Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.

Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.

Volcon Contacts

For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com

For more information on Volcon or to learn more about its complete eBike, motorcycle and side-by-side line-up, visit: www.volcon.com.

Forward-Looking Statements

Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing and completion of the reverse split. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.

SOURCE: Volcon, Inc.



View the original press release on ACCESS Newswire

FAQ

What is the reverse stock split ratio for Volcon (VLCN) and when is it effective?

Volcon announced a 1-for-8 reverse stock split effective June 11, 2025 at 11:59 pm ET, with post-split trading beginning June 12, 2025.

How many shares will Volcon (VLCN) have outstanding after the reverse split?

After the reverse split, Volcon's outstanding shares will be reduced from approximately 4.3 million to 0.54 million shares.

Will Volcon's ticker symbol change after the reverse stock split?

No, Volcon will continue trading under the ticker symbol VLCN, but with a new CUSIP number 92864V608.

What happens to fractional shares in Volcon's reverse stock split?

Stockholders entitled to fractional shares will receive cash payments instead of partial shares.

How will the reverse split affect Volcon's authorized shares?

The number of authorized shares will remain unchanged at 250 million shares.
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