IPO - Twin Vee PowerCats, Co.

Form Type: 424B5

Filing Date: 2025-05-12

Corporate Action: Ipo

Type: New

Accession Number: 000173112225000702

Filing Summary: Twin Vee PowerCats Co. is offering 750,000 shares of common stock at a price of $4.00 per share, equating to a total public offering price of $3,000,000. The common stock is listed on the Nasdaq under the symbol 'VEEE.' As of May 8, 2025, the last reported sale price of the stock was $7.45 per share. The company is classified as both an 'emerging growth company' and a 'smaller reporting company,' undergoing reduced public company reporting requirements. The proceeds from this offering will primarily be used for working capital and general corporate purposes. The underwriters will issue warrants to purchase 37,500 shares at a price of $5.00 as part of their compensation. The shares are expected to be delivered on May 12, 2025.

Form Type: 8-K

Filing Date: 2025-05-12

Corporate Action: Ipo

Type: New

Accession Number: 000173112225000704

Filing Summary: On May 8, 2025, Twin Vee PowerCats Co. entered into an underwriting agreement for a firm commitment underwritten public offering of 750,000 shares of common stock at a price of $4.00 per share, amounting to gross proceeds of $3,000,000. The offering is set to close on May 12, 2025, and proceeds will be used for working capital and general corporate purposes. The company issued warrants to the underwriter for 37,500 shares, and restrictions were placed on executive officers regarding share sales for 30 days. The issuance was made under an effective shelf Registration Statement. Two press releases were issued on May 8, 2025, announcing the offering and its pricing. An opinion regarding the validity of the shares was also provided by counsel.