{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-000836","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.280527+00:00","generated_at":"2026-06-15T10:08:27.881417+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Twin Vee PowerCats signs lease-option to buy Aquasport brand and 150K sq ft factory for $3.1M","bullets":["Agreement with Ebbtide Corp gives right to purchase Aquasport trademarks, 18.5-acre TN facility, tooling for 5 boat models.","Purchase price $3.1M; $300K security deposit paid; monthly lease $22K with $16K credited toward purchase.","Lease-option term is 5 years starting June 1, 2023; one renewal option for 5 more years.","Twin Vee will take physical control June 1, 2023; plans to restart production and expand product line to monohull boats.","Acquisition expands Twin Vee's production capacity and dealer network; Aquasport is a decades-old recreational marine brand."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-000836","json":"https://secwatch.observer/filing/0001731122-23-000836.json","markdown":"https://secwatch.observer/filing/0001731122-23-000836.md","text":"https://secwatch.observer/filing/0001731122-23-000836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223000836/0001731122-23-000836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223000836/e4676_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:08:27.881417+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a9847452ff6c33b2e9ec88cf9e0cf0050671024","claim":"Twin Vee PowerCats, Co. entered into Agreement with Ebbtide Corporation valued at $3,100,000 (effective 2023-05-05).","evidence_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On May 5, 2023, Twin Vee PowerCats Co. (the “Company”), the Company’s newly formed subsidiary, AquaSport Co., a Florida corporation (“AquaSport Co.”), entered into an agreement with Ebbtide Corporation, a Tennessee corporation (“Ebbtide”), dated May XX, 2023 (the “Agreement”), providing the Company with the right to acquire the AQUASPORTTM boat brand and manufacturing facility. The acquisition includes Aquasport’s trademarks, 150,000-square-foot manufacturing facility situated on 18.5 acres in White Bluff Tennessee, and related tooling, molds, and equipment to build five Aquasport models ranging in size from 21 to 25-foot boats (the “AquaSport Assets”). Under the Agreement, the Company has the right to purchase the AquaSport Assets from Ebbtide for $3,100,000 during the five year term of the Agreement (or extension period), less credit for a $300,000.00 security deposit paid by the Company and $16,000 a month for any rent paid unde","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855509/000173112223000836/0001731122-23-000836-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Ebbtide Corporation"},{"label":"Value","value":"$3,100,000"},{"label":"Effective","value":"2023-05-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}