Volcon Inc. Files Definitive Proxy Statement

TL;DR

Volcon proxy statement out - vote on company matters soon.

AI Summary

Volcon, Inc. filed its definitive proxy statement on October 11, 2024, for its annual meeting of stockholders. The filing, which requires no fee, outlines the company's governance and proposals to be voted on by shareholders. The company is based in Round Rock, Texas, and operates in the motor vehicles sector.

Why It Matters

This filing is crucial for shareholders as it details the agenda for the upcoming annual meeting, including any proposals requiring their vote, and provides information on the company's leadership and corporate governance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the underlying company's financial health and operational performance can introduce medium risk.

Key Numbers

• 20241011 — Filing Date (The date the definitive proxy statement was filed with the SEC.)

Key Players & Entities

• Volcon, Inc. (company) — Registrant
• October 11, 2024 (date) — Filing Date
• Round Rock, Texas (location) — Company Headquarters

FAQ

Key Financial Figures

• $20,000 — itation firm, at an approximate cost of $20,000, to solicit proxies on behalf of the Co
• $22,500.00 — stock options with an exercise price of $22,500.00 per share that vested on July 19, 2022,
• $34,875.00 — stock options with an exercise price of $34,875.00 per share that vested on July 26, 2023,
• $15,525.00 — stock options with an exercise price of $15,525.00 per share that vested on July 12, 2024.
• $67,500.00 — stock options with an exercise price of $67,500.00 per share that vested on August 24, 202
• $22,140.00 — of common stock at an exercise price of $22,140.00 per share held by Pink Possum, LLC, for

Filing Documents

• volcon_def14a.htm (DEF 14A) — 178KB
• image_001.jpg (GRAPHIC) — 10KB
• image_008.jpg (GRAPHIC) — 78KB
• image_009.jpg (GRAPHIC) — 77KB
• 0001683168-24-007094.txt ( ) — 405KB

From the Filing

DEF 14A 1 volcon_def14a.htm DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 Volcon, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11 3121 Eagles Nest St., Suite 120 Round Rock, Texas 78665 October 11, 2024 Dear Fellow Stockholder: On behalf of the Board of Directors (the “Board”) and management of Volcon, Inc. (the “Company”), you are cordially invited to attend the Special Meeting of Stockholders of the Company to be held online at https://meetnow.global/MTC9YLV, on November 1, 2024, at 10:00 A.M., Central Time (the “Special Meeting”). The attached Notice of the Special Meeting (the “Notice”) and proxy statement (“Proxy Statement”) describe in greater detail all of the formal business that will be transacted at the Special Meeting. There will not be a physical location for the Special Meeting. You will be able to attend the Special Meeting online, vote your shares electronically, and submit your questions during the meeting by visiting: https://meetnow.global/MTC9YLV. Directors and officers of the Company will be available at the Special Meeting to respond to any questions that you may have regarding the business to be transacted. The Company’s Board has determined that each of the proposals that will be presented to the stockholders for their consideration at the Special Meeting are in the best interests of the Company and its stockholders, and unanimously recommends and urges you to vote “FOR” the proposals set forth in this Proxy Statement. If any other business is properly presented at the Special Meeting, the proxies will be voted in accordance with the recommendations of the Company’s Board. We encourage you to attend the Special Meeting online, but if you are unable to attend, it is important that you vote in advance via the Internet, by telephone, or sign, date and return the enclosed proxy card in the enclosed postage-paid envelope. Your cooperation is appreciated since one-third of the common stock must be represented, either in person or by proxy, to constitute a quorum for the transaction of business at the Special Meeting. On behalf of the Board and all of the employees of the Company, we thank you for your continued support. Sincerely, /s/ John Kim John Kim Chief Executive Officer 3121 Eagles Nest St, Suite 120 Round Rock, Texas 78665 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS TO BE HELD November 1, 2024 NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders (the “Special Meeting”) of Volcon, Inc. (the “Company”) will be held online at https://meetnow.global/MTC9YLV, on November 1, 2024, at 10:00 A.M., Central Time, for the following purposes: 1. Proposal 1. To approve an amendment to the Company's Second Amended and Restated Certificate of Incorporation to grant our Board of Directors authority to effect a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse stock split ratio of between 1-for-2 to 1-for-30 (or any whole number in between), as determined by the Board in its sole discretion, prior to the one-year anniversary of this Special Meeting (the “ Reverse Split Proposal ”). 2. Proposal 2. To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Reverse Split Proposal (the “ Adjournment Proposal ”). Please refer to the proxy Adjournment Proposal. The Board of Directors (the “ Board ”) is not aware of any other business that will be presented for consideration at the Special Meeting. If any other matters should be properly presented at the Special Meeting or any adjournments or postponements of the Special Meeting for action by stockholders, the persons named in the form of proxy will vote the proxy in accordance with their best judgment on that matter. The Board recommends that you vote “ FOR ” the Reverse Split Proposal and “ FOR ” the Adjournment Proposal. Only stockholders of record as of the close of business on September 27, 2024, are entitled to receive notice of, to attend and to vote

View Full Filing

View this DEF 14A filing on SEC EDGAR