---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001873"
form_type: "8-K"
ticker: null
cik: "0001901305"
company_name: "Forza X1, Inc."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T18:12:57.193870+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forza X1 completes merger with Twin Vee; shares converted at 0.611666275 ratio; Nasdaq delisting underway

## Summary
- Merger effective Nov 26, 2024; each Forza share converted to 0.611666275 Twin Vee shares.
- Forza becomes wholly-owned subsidiary of Twin Vee PowerCats Co. following the merger.
- Forza common stock suspended from Nasdaq effective Oct 10, 2024; company intends to file Form 25 and Form 15 for delisting and deregistration.
- Directors Marcia Kull, Neill Ross, and Kevin Schuyler resigned effective at the merger close.

## SEC filing metadata
- accession: 0001731122-24-001873
- form_type: 8-K
- cik: 0001901305
- company_name: Forza X1, Inc.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/0001731122-24-001873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/e6168_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001873
- JSON: https://secwatch.observer/filing/0001731122-24-001873.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001873.txt

## Key facts
- Executive change
  Marcia Kull resigned as Director at Forza X1, Inc..
  - Action: resigned
  - Role: Director
  source text: at the Effective Time, Marcia Kull, Neill Ross and Kevin Schuyler resigned as directors of Forza.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/0001731122-24-001873-index.htm
- Executive change
  Kevin Schuyler resigned as Director at Forza X1, Inc..
  - Action: resigned
  - Role: Director
  source text: at the Effective Time, Marcia Kull, Neill Ross and Kevin Schuyler resigned as directors of Forza.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/0001731122-24-001873-index.htm
- Executive change
  Neill Ross resigned as Director at Forza X1, Inc..
  - Action: resigned
  - Role: Director
  source text: at the Effective Time, Marcia Kull, Neill Ross and Kevin Schuyler resigned as directors of Forza.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/0001731122-24-001873-index.htm
- M&A Transactions
  Forza X1, Inc. underwent a change of control involving Twin Vee PowerCats Co. (closed 2024-11-26).
  - Action: change of control
  - Counterparty: Twin Vee PowerCats Co.
  - Closing: 2024-11-26
  source text: 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 Forza X1, Inc., a Delaware corporation (the “Company” or “Forza”), Twin Vee PowerCats Co. (“Twin Vee”) and Twin Vee Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Twin Vee (“Merger Sub”), Merger Sub was merged with and into Forza (the “Merger”), with Forza surviving the Merger as a wholly-owned subsidiary of Twin Vee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901305/000173112224001873/0001731122-24-001873-index.htm

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