BRIEF-Volcon In January Proposed Settlement Offer To Torrot Electric Europa SA After Discussions Held Regarding Termination Of Distribution Agreement

Reuters02-24

Feb 23 (Reuters) - Volcon Inc :

* VOLCON: IN JAN 2024, PROPOSED SETTLEMENT OFFER TO TORROT ELECTRIC EUROPA S.A. AFTER DISCUSSIONS HELD REGARDING TERMINATION OF DISTRIBUTION AGREEMENT

* VOLCON INC: TORROT INFORMED CO THAT IT BELIEVED CO HAD NOT SATISFIED ITS OBLIGATIONS UNDER DISTRIBUTION AGREEMENT

* VOLCON INC: DISPUTED CLAIMS MADE BY TORROT AND INTENDS TO "VIGOROUSLY" DEFEND AGAINST CLAIMS MADE IN ANY LEGAL PROCEEDING

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