Twin Vee subsidiary Forza X1 completes IPO raising $17.25M; shares begin trading on Nasdaq

Twin Vee PowerCats, Co.

Forza X1 sold 3.45M shares at $5.00, including overallotment; gross proceeds $17.25M.
Shares of Forza X1 began trading on Nasdaq under symbol FRZA on August 11, 2022.
Twin Vee to provide Forza X1 with procurement, shipping, and facility use at cost until new facility complete.
Forza X1 CFO Carrie Gunnerson resigns; Nicole Camacho appointed as new CFO. Gunnerson remains CFO of Twin Vee.
Forza X1 granted options to CEO Leffew and Chairman Visconti (400K shares each at $5.00) and to three non-employee directors.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Visconti

Executive Chairman and Chief of Product Development

VEEE · Twin Vee PowerCats, Co.

Effective: 2022-08-11
Filed: August 17, 2022, 7:59 PM ET

Mr. Visconti will serve as Forza X1’s Executive Chairman and Chief of Product Development.

Departed

Carrie Gunnerson

Chief Financial Officer

VEEE · Twin Vee PowerCats, Co.

Effective: 2022-08-11
Successor: Nicole Camacho
Filed: August 17, 2022, 7:59 PM ET

Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.

Appointed

Nicole Camacho

Chief Financial Officer

VEEE · Twin Vee PowerCats, Co.

Effective: 2022-08-11
Filed: August 17, 2022, 7:59 PM ET

Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.6

Visconti was appointed as Executive Chairman and Chief of Product Development at Twin Vee PowerCats, Co..

Action: appointed
Role: Executive Chairman and Chief of Product Development

Exact text from the filing

Mr. Visconti will serve as Forza X1’s Executive Chairman and Chief of Product Development.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carrie Gunnerson resigned as Chief Financial Officer at Twin Vee PowerCats, Co..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicole Camacho was appointed as Chief Financial Officer at Twin Vee PowerCats, Co..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.

View on SEC.gov

Twin Vee PowerCats, Co. filing history →

Source: SEC EDGAR

accession 0001731122-22-001425

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