Volcon ( (VLCN) ) has shared an announcement.
Volcon, Inc. has settled a series of agreements with GLV Ventures, resulting in a mutual release and a monthly termination fee of $125,000 for 22 months. Additionally, the company has appointed Orn Olason as an independent board member, offering him a cash fee and stock options, pending shareholder approval, signaling a strategic shift in leadership and financial commitments.
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