Twin Vee PowerCats, Co. (VEEE): M&A transaction — Twin Vee PowerCats closes merger with Twin Vee Inc.; shares outstanding ~9.52M

Twin Vee PowerCats, Co.

Merger effective Dec 5, 2022; Twin Vee Inc. merged into Twin Vee Co. (VEEE).
Exchange ratio: 1 VEEE share per 41.7128495 Twin Vee Inc. shares; maximum 4M VEEE shares issued.
4M VEEE shares held by Twin Vee Inc. canceled; post-merger shares outstanding about 9.52M.
Fractional shares cashed out at $2.09/share (5-day VWAP).

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Twin Vee PowerCats, Co. completed an acquisition involving Twin Vee Powercats, Inc. (closed 2022-12-05).

Action: acquisition
Counterparty: Twin Vee Powercats, Inc.
Closing: 2022-12-05

Exact text from the filing

On December 5, 2022 (the “Closing Date”), pursuant to the terms of the Agreement and Plan of Merger, dated as of September 8, 2022 (the “Merger Agreement”), by and between Twin Vee PowerCats Co. (the “Company” or “Twin Vee Co.”) and Twin Vee Powercats, Inc., a Florida corporation (“Twin Vee Inc.”), Twin Vee Inc. was merged with and into the Company (the “Merger”).

View on SEC.gov

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Twin Vee PowerCats, Co. filing history →

Source: SEC EDGAR

accession 0001731122-22-002099

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