0001535610-24-000047.txt : 20241017 0001535610-24-000047.hdr.sgml : 20241017 20241017121814 ACCESSION NUMBER: 0001535610-24-000047 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241015 FILED AS OF DATE: 20241017 DATE AS OF CHANGE: 20241017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SABBY MANAGEMENT, LLC CENTRAL INDEX KEY: 0001535610 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40867 FILM NUMBER: 241376707 BUSINESS ADDRESS: STREET 1: 7012 FISHER ISLAND DR CITY: MIAMI BEACH STATE: FL ZIP: 33109 BUSINESS PHONE: 646-307-4500 MAIL ADDRESS: STREET 1: 7012 FISHER ISLAND DR CITY: MIAMI BEACH STATE: FL ZIP: 33109 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Volcon, Inc. CENTRAL INDEX KEY: 0001829794 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 844882689 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3121 EAGLES NEST, SUITE 120 CITY: ROUND ROCK STATE: TX ZIP: 78665 BUSINESS PHONE: 512-400-4271 MAIL ADDRESS: STREET 1: 3121 EAGLES NEST, SUITE 120 CITY: ROUND ROCK STATE: TX ZIP: 78665 4 1 primary_doc.xml PRIMARY DOCUMENT X0508 4 2024-10-15 1 0001829794 Volcon, Inc. VLCN 0001535610 SABBY MANAGEMENT, LLC 7012 FISHER ISLAND DR MIAMI BEACH FL 33109 0 0 1 0 0 Common Stock 2024-10-15 4 J 0 774569 D 448273 I See Footnotes Prefunded Warrant (Right to Buy) 0 2024-10-15 4 J 0 774569 A Common Stock 774569 774569 I See Footnotes Sabby Volatility Warrant Master Fund, Ltd. (SVWMF) entered into a Securities Exchange Agreement with the Issuer pursuant to which SVWMF exchanged, on a 1:1 basis, 774,569 shares of the Issuer's Common Stock for an equal number of prefunded warrants, each to purchase one share of the Issuer's Common Stock at an exercise price of $0.00001 per share (each a "Pre-Funded Warrant"). This Form 4 is being filed by SVWMF, Sabby Management, LLC (Advisor) and Hal Mintz. Advisor is investment manager to SVWMF. Mr. Mintz is manager of Advisor. The amounts reported herein represent the entire amount of Issuer's common stock held by SVWMF as of each transaction date. 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. The Pre-Funded Warrants have no expiration date and are exercisable immediately. Notwithstanding the foregoing, the Reporting Persons shall not be entitled to exercise the Pre-Funded Warrants if it would cause the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons, their affiliates and any persons who are members of a Section 13(d) group with the Reporting Persons or their affiliates to exceed 9.99% of the total number of issued and outstanding shares of Common Stock of the Issuer following such exercise. /s/ Robert Grundstein, COO and General Counsel of Sabby Management, LLC 2024-10-17