Form 4: Sabby Management, LLC Reports Acquisition of Volcon, Inc. Shares

Sabby Management, LLC reports acquiring additional shares of Volcon, Inc. common stock through open market purchases.

Summary

• On August 16, 2024, Sabby Management, LLC acquired 16,974 shares of Volcon, Inc. common stock at a price of $1.4344 per share.
• On August 19, 2024, Sabby Management, LLC acquired an additional 5,065 shares of Volcon, Inc. common stock at a price of $1.5946 per share.
• Following these transactions, Sabby Management, LLC beneficially owns 733,299 shares of Volcon, Inc. common stock.
• 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 transactions without expressing any positive or negative views on the company's prospects.

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

This filing reflects ongoing investment activity in Volcon, Inc., an electric powersports company, by a significant institutional investor. Monitoring such transactions provides insights into investor confidence and market sentiment towards the company and the broader electric vehicle industry.

Comparison to Industry Standards

• It's common for institutional investors like Sabby Management to adjust their holdings in publicly traded companies.
• Similar filings can be observed for other companies in the electric vehicle space, such as Tesla (TSLA) or Nikola (NKLA), reflecting the dynamic nature of investment in this sector.
• The reported transactions are relatively small in the context of overall trading volume for Volcon, Inc., but they are important for tracking ownership changes.

Stakeholder Impact

• The increased stake by Sabby Management, LLC could be viewed positively by shareholders, potentially signaling confidence in Volcon's future.
• The transactions themselves have a limited direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Volcon, Inc., Sabby Management, LLC, share acquisition, Form 4, beneficial ownership, VLCN, stock purchase