Volcon, Inc. Files 8-K for Material Agreement

TL;DR

Volcon just signed a big deal, filing an 8-K. Details to come.

AI Summary

On October 18, 2024, Volcon, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement and the financial implications are not fully disclosed in this initial report.

Why It Matters

This filing indicates a significant new development for Volcon, Inc., potentially impacting its business operations and financial standing.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities, and the lack of immediate detail warrants a medium risk assessment.

Key Players & Entities

• Volcon, Inc. (company) — Registrant
• October 18, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 3121 Eagles Nest Street, Suite 120 (address) — Principal executive offices
• Round Rock, TX 78665 (address) — Principal executive offices
• 512-400-4271 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.00001 — h registered Common Stock , par value $0.00001 per share VLCN NASDAQ Indicate by
• $100 million — with an aggregate sales price of up to $100 million. The Company intends to use the net pro
• $100.0 million — (the "SEC") dated October 18, 2024. The $100.0 million of Shares that may be offered, issued,
• $200,000,000 — r the ATM Prospectus is included in the $200,000,000 of securities that may be offered, issu
• $75,000 — ts legal counsel) in an amount equal to $75,000. The Company has also agreed to indemni

Filing Documents

• volcon_8k.htm (8-K) — 33KB
• volcon_ex0101.htm (EX-1.1) — 251KB
• volcon_ex0501.htm (EX-5.1) — 9KB
• image_001.jpg (GRAPHIC) — 3KB
• 0001683168-24-007234.txt ( ) — 531KB
• vlcn-20241018.xsd (EX-101.SCH) — 3KB
• vlcn-20241018_lab.xml (EX-101.LAB) — 33KB
• vlcn-20241018_pre.xml (EX-101.PRE) — 24KB
• volcon_8k_htm.xml (XML) — 4KB

01

Item 1.01. Entry into a Material Definitive Agreement. On October 18, 2024, Volcon, Inc. (the "Company") entered into an At-The-Market Issuance Sales Agreement (the "ATM Agreement") with Aegis Capital Corp. ("Aegis"). Pursuant to the terms of the ATM Agreement, the Company may sell from time to time through Aegis, as sales agent and/or principal, shares of the Company's common stock, par value $0.00001 per share ("Shares"), with an aggregate sales price of up to $100 million. The Company intends to use the net proceeds from the sale of the Shares for working capital and for general corporate purposes. Any sale of Shares pursuant to the ATM Agreement will be made under the Company's effective "shelf" registration statement (the "Registration Prospectus"), and under the related prospectus supplement (the "ATM Prospectus") filed with the Securities and Exchange Commission (the "SEC") dated October 18, 2024. The $100.0 million of Shares that may be offered, issued, and sold under the ATM Prospectus is included in the $200,000,000 of securities that may be offered, issued, and sold by the Company under the Base Prospectus. Under the ATM Agreement, the Company may offer and sell Shares through Aegis acting as sales agent and/or principal. Upon delivery of a placement notice and subject to the terms and conditions of the ATM Agreement, Aegis is required to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such Shares from time to time based upon the Company's instructions, including with regard to the number of shares to be sold, and otherwise in accordance with the terms of such Placement Notice. Subject to the terms of the Placement Notice, Aegis may sell the Shares by any method permitted by law deemed to be an "at the market" offering as defined in Rule 415(a)(4) of the Securities Act,

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description 1.1 At-The-Market Issuance Sales Agreement, dated October 18, 2024, by and between Volcon, Inc. and Aegis Capital Corp. 5.1 Opinion of ArentFox Schiff LLP 23.1 Consent of ArentFox Schiff LLP (included in Exhibit 5.1 ) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: October 18, 2024 /s/ Greg Endo Greg Endo Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR