Twin Vee enters agreement to acquire BoatsForSale.com and YachtsForSale.com from OneWater Marine

Twin Vee PowerCats, Co.

Minimum purchase price of $5M for OWM's IP; 6% revenue-sharing royalty on subscription revenue until closing.
Platforms are third-largest U.S. online boat marketplace with over 42,000 unique listings.
Closing due no later than six years from effective date or upon reaching $5M in payments, whichever later.
Deal includes indemnification caps: OWM's breach reps liability capped at $500K, aggregate at $750K or 24-month purchase price.
Acquisition part of Twin Vee's strategy to diversify into digital marketplace alongside boat manufacturing.

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