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Volcon ePowersports Reports Operational Highlights and Fourth Quarter 2024 Financial Results

1. VLCN secured exclusive distribution agreements and launched new products. 2. The company raised $19.5 million and announced a share repurchase program.

Earnings
-2.14%Current Return
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-0.31%S&P 500
$0.87903/17 08:35 AM EDTEvent Start
$0.860203/18 03:18 PM EDTLatest Updated
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FAQ

Why Bullish?

The exclusive agreements and product launches enhance VLCN's market presence, reminiscent of other successful expansions in the EV sector, like Tesla's diverse offerings boosting stock. Securing $19.5 million also improves liquidity for growth initiatives.

How important is it?

The reported agreements and financial results signify strategic growth for VLCN, likely aligning with investor interest. This shift could attract attention in the burgeoning electric vehicle market, particularly for off-road segments.

Why Short Term?

The immediate launch of products and recent funding will likely yield quick market reactions and influence stock performance. Similar past quarterly reports in the EV industry often resulted in stock price rises shortly thereafter.

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TSLARIVNLCID
AUSTIN, TX / ACCESS Newswire / March 17, 2025 / Volcon Inc. (NASDAQ:VLCN) ("Volcon'', the "Company" or "we"), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended December 31, 2024 Company Highlights: Signed exclusive golf cart distribution agreement with Super Sonic Company Ltd. Signed golf cart supply agreement with Venom-EV Launched the HF1 UTV in the fourth quarter of 2024 Received the first prototypes of the FT1 dual sport motorcycle Raised $19.5 million in February 2025 from our At the Market and Equity Offerings Announced share repurchase program in March 2025 for up to $2 million As previously announced, in January 2025 we signed an agreement to be the exclusive distributor of Super Sonic Company Ltd.

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