Volcon Announces 1-for-8 Reverse Stock Split

Volcon Inc. (NASDAQ:VLCN), based in Austin, Texas, announced a 1-for-8 reverse stock split of its common stock. The change will take effect on June 11, 2025, at 11:59 pm Eastern Time. Trading on the Nasdaq Capital Market will open on a post-split basis on June 12, 2025, under the same ticker symbol "VLCN" but with a new CUSIP number 92864V608.

This adjustment means every eight shares held before June 12 will be consolidated into one share. The par value of $0.00001 per share remains unchanged. Fractional shares will not be issued; instead, stockholders will receive cash if their holdings are not evenly divisible by the split ratio. Consequently, outstanding shares will decrease from approximately 4.3 million to 0.54 million, while authorized shares remain at 250 million.