8-K filed November 26, 2024, 6:59 PM ET ticker VEEE CIK 0001855509

M&A confidence high sentiment neutral materiality 0.70

Twin Vee PowerCats, Co. (VEEE): M&A transaction — Twin Vee completes merger with Forza X1; exchange ratio 0.6117; new director appointed

Twin Vee PowerCats, Co.

Effective Nov 26, 2024, Forza merged into Twin Vee Merger Sub, becoming wholly-owned subsidiary.
Each Forza share converted into 0.611666275 Twin Vee shares; 7M shares held by Twin Vee canceled.
Marcia Kull appointed to board; Bard Rockenbach and James Melvin resigned as directors.
Pro forma combined net loss for 9 months ended Sep 30, 2024: $9.09M, or $0.61 per diluted share.
Pro forma book value per share as of Sep 30, 2024: $1.56.

item 2.01 item 5.02 item 9.01

Executive movements

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

Departed

Bard Rockenbach

Director

VEEE · Twin Vee PowerCats, Co.

Effective: 2024-11-26
Filed: November 26, 2024, 6:59 PM ET

Bard Rockenbach and James Melvin resigned as directors of Twin Vee and any committees thereof.

Appointed

Marcia Kull

Director

VEEE · Twin Vee PowerCats, Co.

Effective: 2024-11-26
Filed: November 26, 2024, 6:59 PM ET

Marcia Kull was appointed as a director of Twin Vee.

Departed

James Melvin

Director

VEEE · Twin Vee PowerCats, Co.

Effective: 2024-11-26
Filed: November 26, 2024, 6:59 PM ET

Bard Rockenbach and James Melvin resigned as directors of Twin Vee and any committees thereof.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bard Rockenbach resigned as Director at Twin Vee PowerCats, Co..

Action: resigned
Role: Director

Exact text from the filing

Bard Rockenbach and James Melvin resigned as directors of Twin Vee and any committees thereof.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marcia Kull was appointed as Director at Twin Vee PowerCats, Co..

Action: appointed
Role: Director

Exact text from the filing

Marcia Kull was appointed as a director of Twin Vee.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Melvin resigned as Director at Twin Vee PowerCats, Co..

Action: resigned
Role: Director

Exact text from the filing

Bard Rockenbach and James Melvin resigned as directors of Twin Vee and any committees thereof.

View on SEC.gov

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

Twin Vee PowerCats, Co. completed an acquisition involving Forza X1, Inc. (closed 2024-11-26).

Action: acquisition
Counterparty: Forza X1, Inc.
Closing: 2024-11-26

Exact text from the filing

On November 26, 2024 (the "Closing Date"), pursuant to the terms of the Agreement and Plan of Merger, dated as of August 12, 2024 (the "Merger Agreement"), by and between Twin Vee PowerCats Co., a Delaware corporation (the "Company" or "Twin Vee"), Twin Vee Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Twin Vee ("Merger Sub"), and Forza X1, Inc., a Delaware corporation ("Forza"), Merger Sub was merged with and into Forza (the "Merger"), with Forza surviving the Merger as a wholly-owned subsidiary of Twin Vee.

View on SEC.gov

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Twin Vee PowerCats, Co. filing history →

Source: SEC EDGAR

accession 0001731122-24-001872

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