The latest update is out from Volcon ( (VLCN) ).
Volcon, Inc. has entered into a Supplier Agreement with Venom-EV, appointing Volcon as Venom’s supply representative for its gold carts. The agreement allows Volcon to purchase up to $3 million worth of products from Venom’s manufacturer, with payment terms set at net 90 days. Venom will handle shipping, tariffs, and product liability, while Volcon will issue shares to Venom based on product purchases, subject to shareholder approval. The agreement, effective February 25, 2025, has a one-year term with possible extensions and includes provisions for termination in case of insolvency or breach. Additionally, Volcon’s Board of Directors approved new committee appointments on February 21, 2025.
More about Volcon
YTD Price Performance: -77.64%
Average Trading Volume: 1,221,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.16M
Learn more about VLCN stock on TipRanks’ Stock Analysis page.