Volcon announces board authorization of $2 million share repurchase program and reiterates current cash balance

Austin, tx / access newswire / march 10, 2025 / on march 7, 2025, volcon epowersports ("volcon" or the "company") (nasdaq:vlcn), a provider of electric vehicles today announced that its board of directors has authorized a share repurchase program, allowing for the repurchase of up to $2 million of the company's common stock through march 7, 2026. "the board's decision to authorize a share repurchase program of up to $2 million reflects our confidence in the volcon's long-term vision as we have transitioned the company to its new products, the hf1 and mn1 tradesman utvs and the mn1 adventurer golf cart, and entered into golf cart distribution agreements", commented john kim, ceo.
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