SCHEDULE 13G: Empery Asset Management Discloses 9.99% Stake in Volcon, Inc. Through Warrants
Beneficial Ownership Report
Empery Asset Management, LP, along with its managing members Ryan M. Lane and Martin D. Hoe, has disclosed a 9.99% beneficial ownership stake in Volcon, Inc., primarily through the holding of warrants.
Summary
- Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, "Reporting Persons") have filed a Schedule 13G with the SEC.
- The Reporting Persons collectively beneficially own 421,089 shares of Volcon, Inc. Common Stock.
- This ownership represents 9.99% of Volcon, Inc.'s outstanding Common Stock.
- The beneficial ownership is primarily derived from shares of Common Stock issuable upon the exercise of warrants ("Warrants").
- A contractual "Blocker" provision prevents the Reporting Persons from exercising Warrants to the extent that their beneficial ownership would exceed 9.99% of the outstanding Common Stock.
- The percentage of ownership is calculated based on 3,850,824 shares of Common Stock outstanding as of March 28, 2025, as reported in Volcon's Annual Report on Form 10-K filed on March 31, 2025.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Positives
- NA
Negatives
- NA
Risks
- The Reporting Persons are subject to a contractual "Blocker" provision that prevents them from exercising warrants if it would result in their beneficial ownership exceeding 9.99% of Volcon, Inc.'s outstanding Common Stock.
Future Outlook
NA
Management Comments
- NA
Industry Context
This filing is a standard disclosure of a significant passive equity stake by an institutional investor in a publicly traded company. It does not provide specific industry trends or competitive analysis.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor holding a 9.99% stake, which may be viewed as a vote of confidence or increased institutional interest in the company.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Date as of which 3,850,824 shares of Common Stock were outstanding, used for ownership percentage calculation. |
| 03/31/2025 | Date of event which requires the filing of this statement; also the filing date of Volcon, Inc.'s Annual Report on Form 10-K. |
| 05/07/2025 | Date of signing and filing of the Schedule 13G statement. |
Keywords
Volcon Inc., Empery Asset Management, SEC Filing, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, Investment Management, Equity Stake
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