---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-25-001060"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T21:56:28.607796+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Twin Vee amends IP license deal; assigns rights to Wizz Banger and guarantees obligations

## Summary
- First Amendment to Feb 2025 license/sale agreement for yachtsforsale.com and boatsforsale.com IP.
- All rights and obligations assigned from Twin Vee to wholly-owned subsidiary Wizz Banger, Inc. effective July 14, 2025.
- Twin Vee absolutely and unconditionally guarantees all of Wizz Banger's obligations under the amended agreement.
- Definition of Foreground Intellectual Property clarified; OWM retains ownership until full Minimum Purchase Price paid.
- Minimum Purchase Price of $5M less royalties and credits; Drop-Dead Date for full payment is 6th anniversary.

## SEC filing metadata
- accession: 0001731122-25-001060
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2025-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112225001060/0001731122-25-001060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112225001060/e6748_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-25-001060
- JSON: https://secwatch.observer/filing/0001731122-25-001060.json
- Plain text: https://secwatch.observer/filing/0001731122-25-001060.txt

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