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$GDHG gimmie moneee
$NLST This stock is so undervalued its ridiculous. anyone need a kidney ? i know someone willing to part with theirs for 150k
$GDHG ADDING
this one's gonna crush alot of souls
ate the dip at 129.00 w/10x leverage! LETS GET PAID
video no longer available
$BTC ATE THAT DIP!
ask is stacked! someone needs to slap it.
got filled at 1.07 earlier and its not looking to shabby!
$AKBA RELOAD
ASK looks stacked. GL!
YES. i would agree. past damages are still in effect!
NLST.. zoom out. look at the chart and then kick rocks
$AGBA REAL EASY PEASY :P
$DXF GO BABY GOOO
$NLST got me 1500 cheapies!
VERY INTERESTING IF TRUE!
$AGBA finally!!!!
HONG KONG, April 15, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced it has successfully implemented a Virtual Call Center ("VCC") to support its business growth and further expansion. The advanced system was customized to SU Group's technical specifications and will provide a superior experience to its customers and partners as well as increase their operational efficiency. SU Group has already rolled out access reducing wait times by an estimated 70% and saving an estimated 3,500 personnel hours.
The VCC solution utilizes the cutting-edge mobile cloud technologies to digitally streamline the processing of emergency calls, preventive maintenance inquiries and service orders, thereby increasing workflow efficiency and saving significant operator time and expense. Moreover, customers also benefit from a faster response time, with increased readiness and clarity of information and communication. Future-proofing ensures that customer data can migrate whenever new features and enhancements are added to the VCC.
SU Group's Chairman and CEO, Dave Chan, commented, "Businesses that provide a superior customer experience are typically the winners across all industries. Based on this fundamental truth, we are committed to delivering continuous improvements to serve our customers. We saw an important opportunity to work with an outside partner to develop and implement a customized Virtual Call Center, which provides a more efficient, end-to-end solution to our customers and partners. We believe this will give us an added competitive advantage as we continue to scale our business and drive revenue growth."
About SU Group Holdings Limited
SU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-low voltage systems in private and public sectors, including commercial properties, public facilities, and residential properties in Hong Kong. For more information visit www.sugroup.com.hk.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "we believe," "we intend," "may," "should," "will," "could" and similar expressions. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to renew contracts with recurring customers; the Company's ability to accurately estimate risks and costs and perform contracts based on the Company's estimates; the Company's relationship with the Company's suppliers and ability to manage quality issues of the systems; the Company's ability to obtain or renew the Company's registrations, licenses, and certificates; the Company's ability to manage the Company's subcontractors; the labor costs and the general condition of the labor market; implementation of the Company's expansion plans and the Company's ability to obtain capital resources for planned growth; the Company's ability to acquire sufficient products and obtain equipment and services from the Company's suppliers in suitable quantity and quality; the Company's ability to expand into new businesses, industries, or internationally and to undertake mergers, acquisitions, investments, or divestments; changes in technology and competing products; general economic and political conditions, including those related to the security-related engineering services industry; possible disruptions in commercial activities caused by events such as natural disasters, terrorist activities, political, economic, and social instability, and fluctuations in foreign currency exchange rates, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"), including the Company's most recently filed Annual Report on Form 20-F and its subsequent filings. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.insert-text-here
what platform are you using of AH data? tia
nice AH movement.
this actually is good imo. it shows the obviousness of the corruption at the PTAB. anything less than that and you would think that they are not biased imo.
$NLST just in time! ill be adding more tomorrow thanks to the idiots who run the PTAB ;-D
$DUO adding!
What the Frak shorts got this in a death grip.
$CGAC hot garbage nuff said
$VLCN FORM 8-K
__________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 4, 2024 (April 2, 2024)
__________________________
Volcon, Inc.
(Exact Name of Registrant as Specified in its Charter)
__________________________
Delaware 001-40867 84-4882689
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
3121 Eagles Nest Street, Suite 120
Round Rock, TX 78665
(Address of principal executive offices and zip code)
(512) 400-4271
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-14(c)).
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, par value $0.00001 per share VLCN NASDAQ
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 8.01 Other Events.
As previously reported, on December 19, 2023, Volcon, Inc. (the “Company”) was notified by the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) that the Company was not in compliance with Nasdaq’s Listing Rule 5550(a)(2), as the minimum bid price of the Company’s common stock had been below $1.00 per share for 30 consecutive business days.
Also previously reported, on December 26, 2023, the Staff notified the Company that it had determined that the Company’s common stock had a closing bid price of $0.10 or less for ten consecutive trading days. Pursuant to Nasdaq’s Listing Rule 5810(c)(3)(A)(iii), if during the 180-day compliance period provided by Listing Rule 5810(c)(3)(A), a listed security has a closing bid price of $0.10 or less for ten consecutive trading days, the Staff shall proceed with a Staff delisting determination. Pursuant to the deficiency letter, the Staff notified the Company that it had determined to delist the Company’s common stock from The Nasdaq Capital Market.
Additionally, as previously reported, on January 4, 2024, the Staff notified the Company that the market value of its listed securities had been below the minimum $35,000,000 required for continued listing as set forth in Nasdaq’s Listing Rule 5550(b)(2) for the previous 180 calendar days and served as an additional basis for delisting.
The Company submitted a hearing request to Nasdaq’s Hearings Department, which stayed the suspension of the Company’s common stock. The Company’s hearing was held on March 26, 2024.
On April 2, 2024, the Company received notification from the Nasdaq Hearings Panel (“Panel”) that it has granted an extension until June 24, 2024, to demonstrate compliance with Listing Rules 5550(a)(2) and 5550(b)(1), subject to certain conditions. The Company intends to implement its plan to meet the milestones set forth by the Panel prior to June 24, 2024.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Volcon, Inc.
(Registrant)
Date: April 4, 2024 /s/ Greg Endo
Greg Endo
Chief Financial Officer
oki doki
your bids in at .05 now? what happened to .20??
neeed more netlist shares........ ;D
ouchh! spent all my extra cash chasing the damn solar eclipse next week! LMAO otherwise i'd buy!!!
glass half empty type arent ya?
$VLCN enough cash on hand to continue to fund operations and the CEO was able to talk creditors into converting some of the debt into preferred shares, They already have Purchase orders and next is production ramp up. in 2 weeks we will get another extension (IMO). all is well if they can lower production costs and increase sales. IMO
Liquidity and Capital Resources
On December 31, 2023, we had cash of $8.2 million, including $0.2 million of restricted cash and we had a negative working capital of $21.4 million. Since inception in February 2020, we have funded our operations from proceeds from debt and equity offerings.
Cash used in operating activities
Net cash used in operating activities was $29.6 million for the year ended December 31, 2023 and includes all of our operating costs except stock-based compensation of $2.6 million, write-down of inventory of $4.3 million, depreciation and amortization of $0.2 million, non-cash interest expense for the amortization of debt issuance costs and accretion of principal on Convertible Notes and May 2023 Notes of $5.0 million, gain on change in derivative financial liabilities of $13.5 million, loss on extinguishment of Convertible Notes of $22.3 million, bad debt expense of $0.1 million. Cash used in operating activities includes a decrease in accounts receivable of $0.6 million due to collections, increases in inventory of $7.6 million due to the purchase of Brats, Volcon Youth motorcycles and purchases of inventory for the Stag after considering the write down of Grunt and Volcon Youth motorcycle inventory, a decrease of $0.2 million in accounts payable, and an increase of $1.1 million in accrued liabilities due primarily to the accrual recorded for the settlement to Torrot. As of December 31, 2023, we have an increase of $0.4 million in customer deposits, primarily for orders to be fulfilled from two of our Latin American distributors for shipments of Brats and Grunt EVOs.
Risks Related to our Common Stock
In March 2024, we exchanged our outstanding convertible notes for Preferred Stock and a significant number of shares of common stock could be issued upon conversion.
In March 2024, we issued Series A Preferred Stock (the “Preferred Stock”) at $1,000 per share in exchange for $24.7 million principal of convertible notes. The initial conversion price for the Preferred Stock is $1.33 and is convertible at any time. On March 5, 2024, certain holders of the Preferred Stock converted approximately $2.3 million for approximately 1.7 million shares of common stock. The total number of shares of common stock that could be issued as of March 27, 2024 for the outstanding Preferred Stock on this date is approximately 16.8 million shares. The conversion price of the Preferred Stock is subject to adjustment if certain events such as a stock split, reverse stock split, or stock dividend occurs, or if we issue equity or convertible instruments at offering prices below the conversion price. In addition, in the event of a change of control or sale of substantially all of the Company’s assets, the Preferred Stock agreement provides for distributions that are either based on the number of common stock shares issuable under these agreements or based on other valuations as defined in the agreement.
The Preferred Stock holders may resell all, or some of the shares of common stock underlying the Preferred Stock after conversion, at any time or from time to time at their discretion. Resales of our common stock may cause the market price of our securities to drop significantly, regardless of the performance of our business. The adjustment of the conversion price for the Preferred Stock held by these investors based on the price of future issuances of securities could also limit our ability to raise capital as potential investors may not make an investment in a new issuance of securities if their investment could be immediately diluted due to adjustments in the conversion price or warrant exercise prices.
The Volcon Stag will assist with CBITEC's mission of training Soldiers and supporting the role of evaluating technology while being evaluated itself. The Stag will give the CBITEC team the ability to look at large battery recharging impacts to the tactical grids. With potential multiple units, CBITEC will be able to see the impacts of large load changes required while recharging battery and providing power to a base camp.
Volcon will provide technical expertise to improve energy management in electric vehicles like the Stag, including measurement, monitoring, range extension and export power processes and procedures.
A problem aint a problem if money can solve it.
Volcon delivers ERDC’s first all-electric Stag Utility Terrain Vehicle
Volcon’s Gabriel Villareal and Jake Mizell and U.S. Army Engineer Research and Development Center, Contingency Basing Integration Training and Evaluation Center’s Craig White, Kevin Forshey and Mark Bertoni with the Volcon Stag Utility Terrain Vehicle.
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FORT LEONARD WOOD, Mo.— Thanks to the latest delivery at the U.S. Army Engineer Research and Development Center's (ERDC) Contingency Basing Integration Training and Evaluation Center (CBITEC), the push to electrify the battlefield is one step closer.
Volcon ePowersports delivered their all-electric Stag Utility Terrain Vehicle (UTV) to ERDC's Construction Engineering Research Laboratory (CERL) CBITEC facility located at Fort Leonard Wood, Missouri. This milestone marks the first-ever delivery of a Stag UTV to ERDC, in line with the Cooperative Research and Development Agreement (CRADA) between ERDC and Volcon.
Through the collaboration fostered by the CRADA, CERL and Volcon are working jointly on research and development efforts aimed at enhancing the capabilities of electric vehicles, with a focus on creating dual-use products that benefit both warfighters and the U.S. Army Corps of Engineers in their support of emergency services disaster response. CBITEC is providing the space to exercise ERDC’s first Stag.
“We will be able to put the all-electric Stag in front of Soldiers and provide feedback to Volcon,” Craig White, CBITEC facility manager, said. “The Operational Energy Team will have the opportunity to collect data and evaluate the power requirements needed to support the equipment and the Soldier as we move forward electrifying the battlefield.”
The Stag's delivery is supporting government fleet electrification from the current day through 2050. This collaboration supports the objective outlined in the 2022 U.S. Climate Strategy and Executive Order 14057.
"The move to electrify the battlefield will create new challenges, such as how we recharge electric fleets of vehicles in the field, while still fighting and winning wars,” Tom Decker, CERL's Operational Energy Program Manager, said. "The all-electric Stag provides us the ability to start looking at how charging electric vehicles will impact our tactical electrical grids and then how to scale that problem up to other requirements."
The Volcon Stag will assist with CBITEC's mission of training Soldiers and supporting the role of evaluating technology while being evaluated itself. The Stag will give the CBITEC team the ability to look at large battery recharging impacts to the tactical grids. With potential multiple units, CBITEC will be able to see the impacts of large load changes required while recharging battery and providing power to a base camp.
Volcon will provide technical expertise to improve energy management in electric vehicles like the Stag, including measurement, monitoring, range extension and export power processes and procedures.
Nestled under the BEAM EV ARC™ 2020, the Stag will garner its power from the 100% renewable, transportable, off-grid electric vehicle charging system, when not plugged into the tactical grid for research purposes.