Volcon, Inc.: management transactions · United States · SEC (Form 4)

About Volcon, Inc.

Volcon, Inc. is a U.S.-based company listed on the NASDAQ in the United States under the ticker VLCN. Historically, the company was best known as an all-electric off-road powersports manufacturer, focused on electric motorcycles, e-bikes, and utility terrain vehicles (UTVs)/side-by-sides. It was formed in February 2020 under the name Frog ePowersports, Inc., and later adopted the Volcon name. The company’s headquarters are in Round Rock, Texas, United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1829794/000168316825002047/volcon_i10k-123124.htm?utm_source=openai)) Operationally, Volcon has built a product lineup aimed at the off-road and outdoor recreation market, including the Grunt EVO motorcycle, the Brat E-Bike, and the Stag LE UTV. The company also says it is developing additional two-wheel and four-wheel vehicles to expand its portfolio. In recent communications and filings, Volcon highlighted its move into the LUV and UTV segment, including shipment of its first production MN1 unit in October 2024. That suggests a broader product strategy beyond the original electric powersports concept, with an effort to address a larger commercial opportunity while retaining an electrified, specialty-vehicle identity. ([ir.volcon.com](https://ir.volcon.com/company-information?utm_source=openai)) From a competitive standpoint, Volcon operates in a niche but highly competitive and capital-intensive market. Its positioning depends on product differentiation, electric powertrain credentials, off-road performance, distribution execution, and the ability to establish brand credibility against larger, better-capitalized powersports and recreational vehicle players. As a result, the equity tends to fit a speculative growth profile rather than that of a mature industrial incumbent. Investors should also consider the company’s dependence on external financing, product execution, and listing compliance, as recent filings and announcements have referenced Nasdaq-related issues and financing activity. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1829794/000168316825002047/volcon_i10k-123124.htm?utm_source=openai)) Recent developments have been especially significant. In 2025, Volcon announced a large private placement, then disclosed a bitcoin treasury strategy and later a name change to Empery Digital Inc., with continued trading on the Nasdaq Capital Market under a new identity. For French-speaking investors, this is a crucial point: Volcon can no longer be viewed only as a pure-play electric powersports story. Its business trajectory has shifted materially, and the company’s market perception, capital structure, and valuation framework may be affected by that strategic pivot. In short, Volcon remains a U.S. NASDAQ-listed company, but its recent disclosures indicate a rapidly evolving corporate profile and risk-return proposition. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1829794/000168316825005371/volcon_ex9901.htm?utm_source=openai))