Volcon, Inc. Files 8-K for Other Event
Ticker: EMPD · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1829794
| Field | Detail |
|---|---|
| Company | Volcon, INC. (EMPD) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $1.8646, $32.1 million, $7.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, other-event
TL;DR
Volcon filed an 8-K for an 'Other Event' on March 1st - details TBD.
AI Summary
On March 1, 2024, Volcon, Inc. filed an 8-K report detailing an "Other Event." The filing does not provide specific details on the nature of this event, its financial implications, or any associated parties. Further information would be required to understand the event's significance.
Why It Matters
This filing indicates a material event has occurred for Volcon, Inc. that requires disclosure, though the specific nature of the event is not yet detailed.
Risk Assessment
Risk Level: medium — The filing is an 8-K for an 'Other Event' without immediate details, creating uncertainty about its impact.
Key Players & Entities
- Volcon, Inc. (company) — Registrant
- March 1, 2024 (date) — Date of earliest event reported
FAQ
What specific event is Volcon, Inc. reporting on March 1, 2024?
The filing is an 8-K for an 'Other Event' and does not specify the nature of the event in the provided text.
What is the purpose of this 8-K filing for Volcon, Inc.?
The purpose is to report an 'Other Event' that occurred on or before March 1, 2024, as required by SEC regulations.
Where is Volcon, Inc. headquartered?
Volcon, Inc. is headquartered at 3121 Eagles Nest Street, Suite 120, Round Rock, TX 78665.
What is Volcon, Inc.'s IRS Employer Identification Number?
Volcon, Inc.'s IRS Employer Identification Number is 84-4882689.
When is Volcon, Inc.'s fiscal year end?
Volcon, Inc.'s fiscal year ends on December 31.
Filing Stats: 575 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-03-01 17:00:13
Key Financial Figures
- $0.00001 — h registered Common Stock , par value $0.00001 per share VLCN NASDAQ Indicate by
- $1.8646 — ny common stock at an exercise price of $1.8646 per share. In addition, as of the compl
- $32.1 million — egate principal amount of approximately $32.1 million with a conversion price of $1.8646 per
- $7.4 million — ck upon the conversion of approximately $7.4 million in principal amount of convertible note
Filing Documents
- volcon_8k.htm (8-K) — 26KB
- 0001683168-24-001259.txt ( ) — 194KB
- vlcn-20240301.xsd (EX-101.SCH) — 3KB
- vlcn-20240301_lab.xml (EX-101.LAB) — 33KB
- vlcn-20240301_pre.xml (EX-101.PRE) — 22KB
- volcon_8k_htm.xml (XML) — 4KB
01
Item 8.01 Other Events, As previously disclosed in the Form 8-K filed November 20, 2023, in November 2023, Volcon, Inc. (the "Company") completed a firm commitment underwritten offering pursuant to which it issued, among other securities, certain series A warrants (the "Series A Warrants") and certain series B warrants (the "Series B Warrants"). Upon the completion of the reverse split on February 2, 2024 and the application of the adjustment terms of the warrants, the Company had outstanding Series A Warrants exercisable into 11,939,865 shares of Company common stock (assuming exercise on an alternative cashless basis) and Series B Warrants exercisable for 7,137,082 shares of Company common stock at an exercise price of $1.8646 per share. In addition, as of the completion of the reverse split and the application of the adjustment terms thereof, the Company had convertible notes outstanding in aggregate principal amount of approximately $32.1 million with a conversion price of $1.8646 per share. As of March 1, 2024, the Company had issued an aggregate of approximately 11.62 million shares of Company common stock upon exercise of Series A Warrants (and Series A Warrants exercisable for approximately 320,000 shares of Company common stock remained outstanding), and had outstanding approximately 15.63 million shares of Company common stock, which includes the issuance of shares of Company common stock upon the conversion of approximately $7.4 million in principal amount of convertible notes. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Volcon, Inc. (Registrant) Date: March 1, 2024 /s/ Greg Endo Greg Endo Chief Financial Officer 3