Twin Vee implements 1-for-10 reverse stock split to meet Nasdaq bid price rule

Twin Vee PowerCats, Co.

Reverse stock split effective 11:59 pm ET April 7, 2025; shares reduce from ~14.9M to ~1.5M.
Trading begins on split-adjusted basis April 8, 2025 under ticker VEEE; new CUSIP 90177C200.
No fractional shares; cash paid based on 10-day avg closing price prior to split.
Authorized shares remain 50M; par value unchanged at $0.001 per share.
Split approved by stockholders Nov 2024; Board set ratio at 1-for-10 on March 17, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Twin Vee PowerCats, Co.: Amended Certificate of Incorporation to effect a 1-for-10 reverse stock split (effective 2025-04-07).

Change: charter amendment
Effective: 2025-04-07

Exact text from the filing

Accordingly, on April 4, 2025, the Company filed an amendment (the “Amendment”) to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split, with an effective time (the “Effective Time”) of 11:59 p.m. Eastern Time on April 7, 2025 (the “Reverse Stock Split”).

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Source: SEC EDGAR

accession 0001731122-25-000542

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