[Form 3] Volcon, Inc. Common stock Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Lane Ryan M.
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock Warrants (right to buy) | -- | -- | -- |
| holding | Pre-Funded Warrants (right to buy) | -- | -- | -- |
| holding | Common Stock Warrants (right to buy) | -- | -- | -- |
| holding | Pre-Funded Warrants (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock Warrants (right to buy) — 834 shares (Indirect, See Footnote 2 and 3);
Pre-Funded Warrants (right to buy) — 340,624 shares (Indirect, See Footnote 1 and 3);
Common Stock — 26,594 shares (Indirect, By Empery Funds)
Footnotes (1)
- Held of record by each of Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Tax Efficient III, LP (collectively, the "First Empery Holders"). Held of record by Empery Tax Efficient, LP, Empery Debt Opportunity LP and Empery Master Onshore, Ltd (collectively, the Second Empery Holders"). Empery Asset Management, LP (the "Investment Manager"), serves as the investment manager to each of the First Empery Holders, the Second Empery Holders and certain other funds holding shares of the Issuer's common stock (collectively, the "Empery Funds"). The Reporting Person is a Managing Member of Empery AM GP, LLC (the "General Partner"), the general partner of the Investment Manager. The Investment Manager may be deemed to be the beneficial owner of all of the common stock held by the Empery Funds. The Reporting Person, as Managing Member of the General Partner of the Investment Manager with the power to exercise investment discretion, may be deemed to be the beneficial owner of all of the common stock held by the Empery Funds. The Reporting Person is the Issuer's Co-Chief Executive Officer and Chairman of its board of directors. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. The warrants have no fixed expiration date and will expire when fully exercised in accordance with their terms. The warrants are exercisable any time after the conditions of exercise are fulfilled. All warrants and pre-funded warrants reported herein are subject to a beneficial ownership limitation of 4.99%. The exercise price is $0.00008. The exercise price is $0.00001.
