---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001233"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:09:12.461928+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Twin Vee to merge with Forza X1 in all-stock deal; Forza holders get 0.6117 VEEE shares each

## Summary
- Forza stockholders (excluding Twin Vee) receive 0.61166627 VEEE shares per FRZA share, up to 5,355,000 VEEE shares.
- Twin Vee's 7,000,000 FRZA shares will be cancelled; post-merger ownership: ~64% VEEE holders, ~36% FRZA holders.
- Marcia Kull (Forza board) will join Twin Vee board at closing; merger expected by end of 2024.
- Combined company expects >$1.00 cash per share, >$2.00 net assets per share, and no funded debt.
- Transaction unanimously approved by both boards; subject to shareholder and regulatory approvals.

## SEC filing metadata
- accession: 0001731122-24-001233
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001233/0001731122-24-001233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001233/e5864_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001233
- JSON: https://secwatch.observer/filing/0001731122-24-001233.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001233.txt

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