---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-22-001425"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:13:43.142495+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-22-001425
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001425/0001731122-22-001425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001425/e3999_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-001425
- JSON: https://secwatch.observer/filing/0001731122-22-001425.json
- Plain text: https://secwatch.observer/filing/0001731122-22-001425.txt

## Key facts
- Executive change
  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
  source text: Mr. Visconti will serve as Forza X1’s Executive Chairman and Chief of Product Development.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001425/0001731122-22-001425-index.htm
- Executive change
  Carrie Gunnerson resigned as Chief Financial Officer at Twin Vee PowerCats, Co..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001425/0001731122-22-001425-index.htm
- Executive change
  Nicole Camacho was appointed as Chief Financial Officer at Twin Vee PowerCats, Co..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Carrie Gunnerson resigned as Forza X1’s Chief Financial Officer and Nicole Camacho was appointed as Forza X1’s new Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112222001425/0001731122-22-001425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.