Volcon ceases Stag vehicle line, terminates supplier agreement, evaluates inventory carrying value

Empery Digital Inc.

On Oct 17, 2024, Volcon notified the Stag supplier of intent to terminate the supplier agreement.
Company is evaluating the carrying value of inventory related to the discontinued Stag product line.
CEO John Kim released a UTV product roadmap update video on YouTube.
No specific financial impact or write-down amount was disclosed in the filing.

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