Empery Digital Inc. · NASDAQ:EMPD
Empery Digital — Volcon — IPO Roadshow (January 2022)
35 slides from Empery Digital's IPO roadshow presentation, Jan 26, 2022
Slide 1: Issuer Free Writing Prospectus
1 Issuer Free Writing Prospectus Filed Pursuant to Rule 433 Registration no. 333 - 262343 Relating to Preliminary Prospectus dated 01/26/2022
Slide 2: Forward-Looking Statements
2 FORWARD - LOOKING STATEMENTS SOME OF THE STATEMENTS IN THIS PRESENTATION ARE FORWARD - LOOKING STATEMENTS, WHICH INVOLVE RISKS AND UNCERTAINTIES. ALTHOUGH THE COMPANY BELIEVES THAT THE EXPECTATIONS REFLECTED IN SUCH FORWARD - LOOKING STATEMENTS ARE REASONABLE AS OF THE DATE MADE, EXPECTATIONS MAY
Slide 3: Statement About Free Writing Prospectus
STATEMENT ABOUT FREE WRITING PROSPECTUS THIS FREE WRITING PROSPECTUS RELATES TO THE PROPOSED INITIAL PUBLIC OFFERING OF COMMON STOCK OF VOLCON, INC., WHICH ARE BEING REGISTERED ON A REGISTRATION STATEMENT ON FORM S - 1 (FILE NO. 333 - 262343) (THE “REGISTRATION STATEMENT”). THIS FREE WRITING PROSPEC
Slide 4: Offering Terms
SECONDARY OFFERING TERMS 4 VOLCON INC. (NASDAQ: VLCN) FIRM COMMITMENT $25,000,000 17,359,187 AEGIS CAPITAL CORP. - BOOKRUNNING MANAGER (I) ENGINEERING COSTS RELATED TO VEHICLE R&D; (II) INVENTORY AND PRODUCTION COSTS; (III) BUILDOUT OF ASSEMBLY LINES; (IV) REPAY PROMISSORY NOTES; AND (V) WORKING CAP
Slide 5: Global ATV and UTV market valued at $7.6 billion in 2017
5 THE GLOBAL ATV AND UTV MARKET WAS VALUED AT $7.6 BILLION IN 2017 AND IS PROJECTED TO REACH $11.95 BILLION BY 2027 - CAGR OF 6.7% . (1) ELECTRIC DRIVETRAINS FOR OFF - ROAD VEHICLES, WILL CONTRIBUTE TO ITS GROWTH SIGNIFICANTLY OVER THIS PERIOD. (2) THE MARKET (1) https://www.alliedmarketresearch.com
Slide 6: Who We Are
WHO WE ARE WE ARE A GROUP OF POWERSPORTS ENTHUSIASTS, WORLD CLASS ENGINEERS AND FUTURE - FOCUSED INDIVIDUALS BUILDING THE MOST EXCITING OUTDOOR ELECTRIC VEHICLES IMAGINABLE. OUR PASSION AND ENTHUSIASM FOR ENJOYING THE GREAT OUTDOORS IS ONLY RIVALED BY OUR DESIRE TO PROTECT IT. 6
Slide 7: Our Mission
7 BUILD INDUSTRY - LEADING PRODUCTS THAT CONNECT PEOPLE TO OUTDOOR EXPERIENCES THROUGH THE INTENTIONAL BLENDING OF LEADING TECHNOLOGY AND DESIGN. 7 OUR MISSION
Slide 8: Our Promise
8 OUR PROMISE TO GIVE PEOPLE THE POWER TO EXPERIENCE THE OUTDOORS LIKE NEVER BEFORE. 8
Slide 9: We believe that electric is the future of outdoor work and adventure
WE BELIEVE THAT ELECTRIC IS THE FUTURE OF OUTDOOR WORK AND ADVENTURE.
Slide 10: Work and Adventure
WORK ADVENTURE VOLCON IS DEVELOPING ADVANCED OUTDOOR ELECTRIC VEHICLES TO MAKE EVERYDAY WORK EASY AND CONVENIENT. DESIGNED TO BE HIGHLY USEFUL AROUND THE FARM, AS WELL AS… CARRY HEAVY LOADS AND HAUL CARGO ACROSS MANY ACRES. WORK WILL BECOME RICHER, MORE PLEASURABLE AND MORE EXCITING. IF IT’S HUNTING
Slide 11: True to Dirt
IF YOU’RE LOOKING FOR A PLACE TO ESCAPE, FOR AN ADVENTURE, OR A PLACE TO PUSH THE LIMITS, IT CAN ALL BE FOUND IN THE GREAT OUTDOORS. AT VOLCON, TRUE TO DIRT MEANS WE ARE AS PASSIONATE ABOUT EXPLORING THE BACKCOUNTRY AS WE ARE ABOUT PRESERVING IT. WHETHER YOU’RE GOING FISHING, HUNTING, WORKING ON THE
Slide 12: Vehicle Lineup
VEHICLE LINEUP 12
Slide 13: 2022-2023 VLCN Product Roadmap
’23 GRUNT LE + XL (HUNT/FISH) ’23 STAG TRAIL LE & BASE ’23 RUNT + ’23 GRUNT EVO 2022 - 2023 VLCN PRODUCT ROADMAP ’24 STAG ARMAGEDDON * SPECIFICATIONS AND DIMENSIONS COULD CHANGE BASED ON FURTHER PRODUCT DEVELOPMENT. TIMELINES ARE SUBJECT TO FUTURE FINANCINGS . ‘25 “ PROJECT X ” & ’24 RANCH ’24 STAG
Slide 14: 2023 Runt Features
2023 RUNT F EATURES ▪ Low Seat Height ▪ High Torque Motor ▪ Up to 35 Miles Range ▪ Multiple Ride Modes ▪ App Based Navigation, Vehicle Controls, and Community SPECS ▪ 35 MPH Max Speed ▪ 180 LBS ▪ 27” Seat Height ▪ 20x5x10 Tires ▪ Inverted Front Fork ▪ Hydraulic Disc Brakes Front and Back THE LITTLE
Slide 15: 2023 Grunt EVO Features & Specs
2023 GRUNT EVO FEATURES & SPECS ▪ 2.0 kWh Battery ▪ Updated styling ▪ Belt Drive ▪ Performance Rear Shock ▪ New Seat ▪ Additional colors : Black & Silver ▪ Upgraded Accessories: ▪ Handlebar ▪ Grips ▪ Pegs ▪ Seats THE PIONEER EVOLUTION 15 • SPECIFICATIONS AND DIMENSIONS COULD CHANGE BASED ON FURTHER
Slide 16: 2023 Brat
FEATURE S ▪ Low Seat Height ▪ High Torque Motor ▪ Up to 20 Miles Range ▪ Multiple Ride Modes ▪ App Based Navigation, Vehicle Controls SPECS ▪ Class 2 Ebike – 20 mph max – throttle - assisted ▪ 90 lbs ▪ 29” Seat Height ▪ 20x4.5 Tires ▪ Wheelbase 47” ▪ Inverted Front Fork ▪ Hydraulic Disc Brakes Front
Slide 17: 2023 Grunt Limited Edition Features & Specs
2023 GRUNT LIMITED EDITION FEATURE & SPECS ▪ 7.5kw Integrated Battery ▪ Black Frame ▪ Exclusive Colors ; Black , Sand , and Red ▪ Aftermarket Upgrades ▪ Hand Guards ▪ Luggage ▪ User App Upgrades RAISING THE BAR 17 • SPECIFICATIONS AND DIMENSIONS COULD CHANGE BASED ON FURTHER PRODUCT DEVELOPMENT. • A
Slide 18: 2023 Grunt XL Features
2023 GRUNT XL FEATURES ▪ Hub Motor (TBD) or Mid - Motor w/Belt Drive ▪ Larger Integrated Battery - 96V ▪ Shortened Frame Allowing Longer Travel Suspension ▪ Improved Accessory Attachment Points ▪ Shortened Seat For Additional Accessory Attachments ▪ Blacked Out/Darkened Parts ▪ Option To Upgrade To
Slide 19: 2023 Stag Trail LE Features
2023 STAG TRAIL LE FEATURES ▪ Ingredient Brands: Fox Shocks; BFGoodrich Tires ▪ Full Accessory Line Available at Launch ▪ Ergonomic Seats for Four W/ Folding Rear Seats & 4 - Point Harnessing System ▪ On - Demand AWD ▪ VLCN Exo - Skeleton Frame Technology ▪ Quick Attach Cargo System ▪ Variable Power
Slide 20: 2023 Stag Trail Base Features
2023 STAG TRAIL BASE FEATURES ▪ Full Accessory Line Available @ FCS ▪ Ergonomic Seats for Four W/ Folding Rear Seats & 3 - Point Harnessing System ▪ On - Demand AWD ▪ VLCN Exo - Skeleton Frame Technology ▪ Quick Attach Cargo System ▪ Regen Braking SPECS ▪ 24/48 kWh Battery & 80 kW Motor ▪ 55 MPH Top
Slide 21: 2024 Stag Armageddon Features
2024 STAG ARMAGEDDON FEATURES ▪ Ingredient Brands: Fox Shocks; BFGoodrich Tires; Armageddon Suspension ▪ Race Seats for 2 W/ 5 - Point Harnessing System ▪ Full Time AWD ▪ VLCN Exo - Skeleton Frame Technology ▪ Locking Front and Rear Differentials ▪ Variable Power Steering ▪ HMI Tablet Screen ▪ Regen
Slide 22: 2024 Stag Hunt Features
2024 STAG HUNT FEATURES ▪ Ingredient Brands: Fox, Filson (similar), BF Goodrich ▪ Full Accessory Line Available @ FCS ▪ XL Seats for Four W/ Folding Rear Seats & 3 - Point Harnessing System ▪ On - Demand AWD w/ Locking Differentials ▪ VLCN Exo - Skeleton Frame Technology ▪ Quick Attach Cargo System
Slide 23: 2024 Stag Ranch Features
2024 STAG RANCH FEATURES ▪ Ingredient Brands: Ranchhand (similar) ▪ XL Seating for 2/4 w/ 3 Point Harness ▪ Configurable Tilt Flatbed System ▪ Full Time AWD w/ FWD /REV Quick Switch ▪ VLCN Exo - Skeleton Frame Technology ▪ Variable Power Steering ▪ Push Bumper HD ▪ Regen Braking + Turf Mode A true w
Slide 24: 2025 Project X Features
2025 PROJECT X FEATURES ▪ 77” Width ▪ FOX 2.5 PODIUM Piggyback with QS3 compression adjustment ▪ Dual High Torque Motors ▪ 46/92 KWH Battery Options ▪ 2 and 4 - Wheel Drive ▪ Water Resistant Drivetrain ▪ Autonomous Operation SPORT - TUNED MAVERICK - EATING MACHINE SPECS ▪ 100 MPH Top Speed ▪ 150 Mil
Slide 25: Team Volcon | Executives
25 TEAM VOLCON | EXECUTIVES 25 JORDAN DAVIS CHIEF EXECUTIVE OFFICER Jordan is a senior executive with over 15 years of experience in the sporting goods industry. Most recently he served as President for O. Mustad & Son AS Fishing company with prior roles at Remington Outdoor Company. Jordan holds a
Slide 26: Team Volcon | Directors
26 26 MELISSA COFFEY DIR OF SALES & DEVELOPMENT Cross - functional sales, marketing and operations executive with a foundation in powersports. Brings dedicated passion to global brand growth and business development with proven results across leading industry brands such as FOX Racing Shox , BELL He
Slide 27: Team Volcon | Board
27 27 TEAM VOLCON | BOARD CHRISTIAN OKONSKY CO - FOUNDER Christian Okonsky is the Co - Founder of Volcon and an industrial engineer and was on one the first engineers in Dell’s notebook division. Mr. Okonsky founded AYRO Inc., a low - speed electric vehicle company. Mr. Okonsky currently holds over
Slide 28: Team Volcon | Board
28 28 TEAM VOLCON | BOARD KARIN - JOICE TJON BOARD MEMBER Karin - Joyce ("KJ") Tjon has over twenty years of executive experience at both public and private companies. Prior to her retirement in 2020 she served as CFO for Alorica, a multi - billion dollar customer service provider with over 100,000
Slide 29: Media Coverage
"BUT THE E - MOTORCYCLE ISN'T JUST ADORABLE LOOKING, IT'S ALSO THE PERFECT WAY TO INTRODUCE YOUNGSTERS TO THE JOYS OF RIDING." - ROBB REPORT "I WOULD HAVE KILLED FOR ONE OF THESE AS A KID." - C|NET "A NEW AMERICAN - MADE OFF - ROAD EXPERIENCE." - FORBES "DESPITE ITS SIZE, THE RUNT DOESN'T LACK FOR F
Slide 30: Media Coverage
T MEDIA COVERAGE 32 MILLION+ MEDIA IMPRESSIONS 1,500+ EARNED MEDIA PLACEMENTS 30
Slide 31: Volcon Factory
VOLCON FACTORY SITUATED ON 70 ACRES IN NORTHWEST AUSTIN, THE FUTURE VOLCON FACTORY FEATURES A TRAIL NETWORK THROUGH A DENSE MIX OF CEDAR AND OAK TREES THAT WILL SOON BECOME THE COMPANY’S PROVING GROUNDS. ALONG WITH A DRY CREEK BED AND RUNNING RIVER, THE PROPERTY WILL SERVE AS THE PERFECT LOCATION TO
Slide 32: Aerial View
32 AERIAL VIEW * SITE PLANS SUBJECT TO CHANGE; ARTIST RENDERING | NOT ACTUAL PHOTO
Slide 33: Site Plans
33 * SITE PLANS SUBJECT TO CHANGE; ARTIST RENDERING | NOT ACTUAL PHOTO
Slide 34: Site Plans
34 * SITE PLANS SUBJECT TO CHANGE; ARTIST RENDERING | NOT ACTUAL PHOTO
Slide 35: www.volcon.com
www.volcon.com