Twin Vee PowerCats, Co. (VEEE): M&A transaction — Twin Vee sells NC property for $4.25M; gains $241k on sale

Twin Vee PowerCats, Co.

Property sold Oct 31 for $4.25M; cash $500k at close plus $3.75M seller-financed note at 5%.
Net cash received $447,684 after $44.5k closing costs and $7.8k taxes.
Note payable in three installments: $500k+interest Oct 2026, $500k+interest Apr 2027, $2.75M+interest Oct 2027.
Transaction resulted in unaudited gain on sale of $241,061.
Company carried no debt or liabilities against the property; sale streamlines capital allocation.

Key facts

Extracted from this filing and checked against the source text.

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

Twin Vee PowerCats, Co. completed a disposition involving Highland Myco Holdings, LLC for $4.25 million (closed 2025-10-31).

Action: disposition
Counterparty: Highland Myco Holdings, LLC
Consideration: $4.25 million
Closing: 2025-10-31

Exact text from the filing

by that certain amendment, dated October 13, 2025 (the “Amendment”), by and between the Company, Forza, and the Buyer. The Property was sold for an aggregate purchase price of $4.25 million. The terms of the sale included a cash closing payment of $500,000, with an additional $3,750,000 paid by the issuance of a secured promissory note payable in installments of

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Source: SEC EDGAR

accession 0001731122-25-001492

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