Volcon announces reverse stock split effective June 12

AUSTIN, TX - Volcon Inc. (NASDAQ:VLCN), the pioneering all-electric off-road powersports company, has declared a 1-for-8 reverse stock split, set to be implemented at the close of business on Monday. The company’s common stock will commence trading on a post-split basis on The Nasdaq Capital Market from Tuesday, June 12, 2025, maintaining its current ticker symbol "VLCN" but under a new CUSIP number. The move comes as the company’s stock has declined nearly 99% over the past year, according to InvestingPro data.

This corporate action will consolidate every eight shares of issued and outstanding common stock into one share, without altering the nominal par value per share. Consequently, the outstanding shares will reduce from approximately 4.3 million to around 0.54 million. However, the authorized share count will remain unchanged at 250 million. With a current market capitalization of just $2.84 million and revenue of $3.74 million in the last twelve months, Volcon maintains a healthy current ratio of 5.09, indicating strong short-term liquidity position.

Stockholders who would otherwise hold a fractional share post-split will receive a cash payment instead of fractional shares, ensuring they retain the full value of their investment.

The Texas-based company, recognized as the first all-electric power sports entity, has been delivering electric vehicles designed for outdoor enthusiasts since late 2021. Volcon’s portfolio includes the Grunt motorcycle, its evolution the Grunt EVO, the Brat eBike, and the MN1 and HF1 LUV/UTV models. These products emphasize sustainable and silent operation for an enhanced outdoor experience. According to InvestingPro analysis, while the company appears undervalued, it faces significant challenges with negative gross profit margins and rapid cash burn. Subscribers can access 12 additional exclusive ProTips and detailed financial metrics for deeper insight into Volcon’s performance.

This press release also contains forward-looking statements which are subject to risks and uncertainties. The company cautions that these statements are predictions based on current expectations and may differ materially from actual future events or results. Volcon does not undertake any obligation to update these forward-looking statements post the date of their publication.

The information discussed in this article is based on a press release statement from Volcon Inc.

In other recent news, Volcon Inc. announced its financial results for the first quarter of 2025, reporting revenue of $736,049, which reflects a decrease from previous quarters. The company also noted a net loss of $2,460,430, showing improvement compared to the last two quarters of 2024. In another significant development, Volcon received a purchase order from Advanced EV for 1,000 golf carts, marking the second multi-million dollar deal in recent weeks. This order is part of a market test for a new model developed in collaboration with Super Sonic. Additionally, Volcon has resumed its share repurchase program, authorizing the buyback of up to $2 million of its common stock, signaling confidence in its financial health. The repurchase plan will run until March 2026 and is funded by existing cash balances. Furthermore, Volcon is evaluating the impact of increased tariffs on goods imported from China and Vietnam, considering options like U.S. assembly or passing costs to consumers. CEO John Kim emphasized the company’s strong cash position and efforts to mitigate tariff impacts. These recent developments reflect Volcon’s ongoing strategic initiatives and market positioning.

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