0001683168-21-006503.txt : 20211222
0001683168-21-006503.hdr.sgml : 20211222
20211222090007
ACCESSION NUMBER: 0001683168-21-006503
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211220
FILED AS OF DATE: 20211222
DATE AS OF CHANGE: 20211222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: James Adrian
CENTRAL INDEX KEY: 0001614114
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40867
FILM NUMBER: 211511149
MAIL ADDRESS:
STREET 1: 3736 BEE CAVES RD
STREET 2: SUITE 1-105
CITY: AUSTIN
STATE: TX
ZIP: 78746
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Volcon, Inc.
CENTRAL INDEX KEY: 0001829794
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
IRS NUMBER: 844882689
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2590 OAKMONT DRIVE, SUITE 520
CITY: ROUND ROCK
STATE: TX
ZIP: 78665
BUSINESS PHONE: 5106982462
MAIL ADDRESS:
STREET 1: 2590 OAKMONT DRIVE, SUITE 520
CITY: ROUND ROCK
STATE: TX
ZIP: 78665
4
1
ownership.xml
X0306
4
2021-12-20
0
0001829794
Volcon, Inc.
VLCN
0001614114
James Adrian
C/O VOLCON, INC.
2590 OAKMONT DRIVE, SUITE 520
ROUND ROCK
TX
78665
1
0
1
0
Common Stock
2021-12-20
4
P
0
5600
7.24
A
1237000
I
Footnote
Common Stock
2021-12-20
4
M
0
5507575
A
6744575
I
Footnote
Warrant (right to buy)
0.98
2021-12-20
4
M
0
6250000
D
2021-03-26
2030-03-26
Common Stock
6250000
0
I
Footnote
This transaction was executed in multiple trades at prices ranging from $7.21 to $7.33. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The shares are held by limited liability companies of which the reporting person is the sole manager.
The warrant was held by Highbridge Consultants, LLC and was originally issued for consulting services in August 2020. Mr. Adrian James is the sole manager of Highbridge Consultants, LLC and has voting and dispositive power over the securities. On December 20, 2021, Highbridge Consultants, LLC exercised the 6,250,000 warrants on a cashless basis pursuant to the terms of the warrant agreement. The issuance of the warrant was exempted pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
The number of shares issuable upon a cashless exercise is determined, in accordance with Section 2(c) of the warrant agreement by dividing (x) the product of the number of shares of common stock underlying the warrant multiplied by the difference between $0.98 and (y) the VWAP on the trading day immediately preceding the date of exercise since the notice of exercise was both executed and delivered prior to the opening of "regular trading hours" (as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on the date of the exercise.
/s/ Adrian James
2021-12-21