Volcon Inc. is facing a regulatory challenge as announced in a recent disclosure. On May 13, 2025, the company received a deficiency letter from Nasdaq's Listing Qualifications Department, indicating that its common stock failed to meet the Nasdaq Listing Rule 5550(a)(2) requirement of maintaining a minimum closing bid price of $1.00 for 30 consecutive business days. Due to previous reverse stock splits, Volcon is not eligible for the usual compliance period to rectify this issue. If the company does not appeal by May 20, 2025, its stock is set to be delisted on May 22, 2025. Volcon plans to request a hearing to delay this action while seeking a resolution.
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