Form 4: Sabby Management, LLC Acquires Additional Shares of Volcon, Inc.

Sabby Management, LLC reports the acquisition of 10,000 shares of Volcon, Inc. common stock at a price of $1.4156 per share on August 30, 2024.

Summary

• On August 30, 2024, Sabby Management, LLC acquired 10,000 shares of Volcon, Inc. common stock.
• The purchase price was $1.4156 per share.
• Following the transaction, Sabby Management, LLC beneficially owns 774,569 shares of Volcon, Inc.
• The filing indicates that Sabby Volatility Warrant Master Fund, Ltd. (SVWMF) holds the shares, with Sabby Management, LLC acting as the investment manager and Hal Mintz as the manager of the Advisor.
• Sabby Management, LLC and Hal Mintz disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction. It doesn't inherently indicate positive or negative sentiment towards the company.

Positives

• The acquisition of additional shares could be interpreted as a sign of confidence in Volcon, Inc.'s future prospects by Sabby Management, LLC.

Management Comments

• Each of Advisor and Mr. Mintz disclaims for purposes of Section 16 of the Securities and Exchange Act of 1934 (Section 16), beneficial ownership of such securities, except to the extent of its / his pecuniary interest therein, and this report shall not be deemed as an admission that either Advisor or Mr. Mintz is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and major shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates continued investment by a significant shareholder.

Key Dates

Keywords

Volcon, Inc., Sabby Management, LLC, share acquisition, Form 4, beneficial ownership, VLCN, Hal Mintz, Sabby Volatility Warrant Master Fund, Ltd.