Volcon Announces Board Authorization of $2 Million Share Repurchase Program and Reiterates Current Cash Balance
Volcon (NASDAQ:VLCN) has announced a $2 million share repurchase program authorized by its Board of Directors, effective through March 7, 2026. The company, which specializes in electric vehicles, reported an unrestricted cash balance of $19.1 million as of March 7, 2025.
CEO John Kim emphasized that this decision reflects confidence in Volcon's long-term vision, particularly following their transition to new products including the HF1 and MN1 Tradesman UTVs and the MN1 Adventurer golf cart, along with new golf cart distribution agreements. The company expects its current cash position, combined with projected operational cash flow in 2025, to sustain operations into 2026.
The repurchase program will be executed through open market transactions or other legally permitted methods, subject to market conditions and compliance with securities laws. Volcon maintains discretion over the timing, amount, and pricing of share repurchases, with no obligation to acquire a specific number of shares.
Volcon (NASDAQ:VLCN) ha annunciato un programma di riacquisto di azioni da $2 milioni autorizzato dal suo Consiglio di Amministrazione, valido fino al 7 marzo 2026. L'azienda, specializzata in veicoli elettrici, ha riportato un saldo di cassa non vincolato di $19,1 milioni al 7 marzo 2025.
Il CEO John Kim ha sottolineato che questa decisione riflette la fiducia nella visione a lungo termine di Volcon, in particolare dopo la loro transizione verso nuovi prodotti, inclusi gli HF1 e MN1 Tradesman UTV e il MN1 Adventurer golf cart, insieme a nuovi accordi di distribuzione per golf cart. L'azienda si aspetta che la sua attuale posizione di cassa, combinata con il flusso di cassa operativo previsto per il 2025, sostenga le operazioni fino al 2026.
Il programma di riacquisto sarà eseguito attraverso transazioni sul mercato aperto o altri metodi legalmente consentiti, soggetti alle condizioni di mercato e al rispetto delle leggi sui titoli. Volcon mantiene la discrezionalità riguardo ai tempi, all'importo e al prezzo dei riacquisti di azioni, senza alcun obbligo di acquisire un numero specifico di azioni.
Volcon (NASDAQ:VLCN) ha anunciado un programa de recompra de acciones de $2 millones autorizado por su Junta Directiva, vigente hasta el 7 de marzo de 2026. La compañía, especializada en vehículos eléctricos, reportó un saldo de efectivo no restringido de $19.1 millones al 7 de marzo de 2025.
El CEO John Kim enfatizó que esta decisión refleja la confianza en la visión a largo plazo de Volcon, especialmente tras su transición a nuevos productos, incluidos los HF1 y MN1 Tradesman UTV y el MN1 Adventurer golf cart, junto con nuevos acuerdos de distribución de carros de golf. La compañía espera que su posición de efectivo actual, combinada con el flujo de efectivo operativo proyectado para 2025, sostenga las operaciones hasta 2026.
El programa de recompra se ejecutará a través de transacciones en el mercado abierto u otros métodos legalmente permitidos, sujeto a las condiciones del mercado y al cumplimiento de las leyes de valores. Volcon mantiene la discrecionalidad sobre el momento, la cantidad y el precio de las recompras de acciones, sin obligación de adquirir un número específico de acciones.
Volcon (NASDAQ:VLCN)은 이사회에서 승인한 200만 달러 규모의 자사주 매입 프로그램을 발표했으며, 이는 2026년 3월 7일까지 유효합니다. 전기차 전문 기업인 이 회사는 2025년 3월 7일 기준으로 1910만 달러의 제한 없는 현금 잔고를 보고했습니다.
CEO 존 킴은 이 결정이 볼콘의 장기 비전에 대한 신뢰를 반영한다고 강조했으며, 특히 HF1 및 MN1 Tradesman UTV와 MN1 Adventurer 골프 카트를 포함한 새로운 제품으로의 전환 이후에 그렇다고 밝혔습니다. 또한 새로운 골프 카트 배급 계약도 체결했습니다. 회사는 현재의 현금 위치와 2025년 예상 운영 현금 흐름이 2026년까지 운영을 지속할 것이라고 기대하고 있습니다.
자사주 매입 프로그램은 시장 조건 및 증권 법규 준수에 따라 공개 시장 거래 또는 기타 법적으로 허용된 방법을 통해 수행됩니다. Volcon은 자사주 매입의 시기, 금액 및 가격에 대한 재량권을 유지하며, 특정 수의 주식을 매입할 의무는 없습니다.
Volcon (NASDAQ:VLCN) a annoncé un programme de rachat d'actions autorisé par son conseil d'administration, d'un montant de 2 millions de dollars, valable jusqu'au 7 mars 2026. L'entreprise, spécialisée dans les véhicules électriques, a rapporté un solde de trésorerie non restreint de 19,1 millions de dollars au 7 mars 2025.
Le PDG John Kim a souligné que cette décision reflète la confiance dans la vision à long terme de Volcon, notamment après leur transition vers de nouveaux produits, y compris les HF1 et MN1 Tradesman UTV ainsi que le MN1 Adventurer voiturette de golf, ainsi que de nouveaux accords de distribution de voiturettes de golf. L'entreprise s'attend à ce que sa position actuelle de trésorerie, combinée aux flux de trésorerie opérationnels prévus pour 2025, soutienne les opérations jusqu'en 2026.
Le programme de rachat sera exécuté par le biais de transactions sur le marché ouvert ou d'autres méthodes légalement autorisées, sous réserve des conditions du marché et du respect des lois sur les valeurs mobilières. Volcon conserve la discrétion quant au moment, au montant et au prix des rachats d'actions, sans obligation d'acquérir un nombre spécifique d'actions.
Volcon (NASDAQ:VLCN) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm in Höhe von 2 Millionen Dollar angekündigt, das bis zum 7. März 2026 gültig ist. Das Unternehmen, das auf Elektrofahrzeuge spezialisiert ist, berichtete zum 7. März 2025 über einen ungebundenen Bargeldbestand von 19,1 Millionen Dollar.
CEO John Kim betonte, dass diese Entscheidung Vertrauen in die langfristige Vision von Volcon widerspiegelt, insbesondere nach ihrem Übergang zu neuen Produkten, einschließlich der HF1 und MN1 Tradesman UTVs sowie dem MN1 Adventurer Golfwagen, zusammen mit neuen Vertriebsvereinbarungen für Golfwagen. Das Unternehmen erwartet, dass seine aktuelle Bargeldposition in Kombination mit dem prognostizierten operativen Cashflow im Jahr 2025 die Betriebe bis 2026 aufrechterhalten kann.
Das Rückkaufprogramm wird durch Transaktionen am offenen Markt oder andere gesetzlich zulässige Methoden durchgeführt, abhängig von den Marktbedingungen und der Einhaltung der Wertpapiergesetze. Volcon behält sich das Ermessen über den Zeitpunkt, den Betrag und den Preis der Aktienrückkäufe vor, ohne verpflichtet zu sein, eine bestimmte Anzahl von Aktien zu erwerben.
- Board authorized $2 million share repurchase program through March 2026
- Strong cash position with $19.1 million unrestricted cash on hand
- Expected operational cash generation to sustain operations into 2026
- Successful transition to new product lineup with UTVs and golf carts
- Share repurchase program represents only 10.5% of current cash reserves
- No guarantee of actual share repurchases as program is discretionary
AUSTIN, TX / ACCESS Newswire / March 10, 2025 / On March 7, 2025, Volcon ePowersports ("Volcon" or the "Company") (NASDAQ:VLCN), a provider of electric vehicles today announced that its Board of Directors has authorized a share repurchase program, allowing for the repurchase of up to
"The Board's decision to authorize a share repurchase program of up to
The Company has
Under the authorization, Volcon may repurchase shares at its discretion from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions and compliance with applicable legal requirements. Repurchases may be made through open market transactions or other methods as permitted by securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The share repurchase program does not obligate Volcon to acquire any specific number of shares and may be modified, suspended, or discontinued at any time at the Company's discretion.
About Volcon
Based in the Austin, Texas area, Volcon was founded as the first all-electric power sports company producing high-quality and sustainable electric vehicles for the outdoor community. Volcon electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive outdoor experience.
Volcon's vehicle roadmap includes both motorcycles and UTVs. Its first product, the innovative Grunt, began shipping to customers in late 2021 and combines a fat-tired physique with high-torque electric power and a near-silent drive train. The Volcon Grunt EVO, an evolution of the original Grunt with a belt drive, an improved suspension, and seat, began shipping to customers in October 2023. The Brat is Volcon's first foray into the wildly popular eBike market for both on-road and off-road riding and is currently being delivered to dealers across North America. In 2024, Volcon entered the rapidly expanding LUV and UTV market and shipped its first production MN1 unit in October 2024. The new MN1 and HF1 products empower the driver to explore the outdoors in a new and unique way that gas-powered units cannot. They offer the same thrilling performance of a standard LUV / UTV without the noise (or pollution), allowing the driver to explore the outdoors with all their senses.
Volcon Contacts
For Media: media@volcon.com
For Dealers: dealers@volcon.com
For Investors: investors@volcon.com
For Marketing: marketing@volcon.com
For more information on Volcon or to learn more about its complete eBike, motorcycle and side-by-side line-up, visit: www.volcon.com
Forward-Looking Statements
Some of the statements in this release referenced in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, how many vehicles will be sold, whether expected cash generated from operations and cash on hand will allow the Company to operate into 2026 and whether the total amount authorized by the Board of Directors will be used to repurchase shares. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," "may," "could," "might," "will," "should," "approximately" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC's website, www.sec.gov.
SOURCE: Volcon, Inc.
View the original press release on ACCESS Newswire
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