Twin Vee PowerCats raises ~$3M in public offering of 6.38M shares at $0.47/share

Twin Vee PowerCats, Co.

Offering of 6,383,000 shares at $0.47 per share; gross proceeds ~$3.0M.
Proceeds intended for working capital and general corporate purposes.
Placement agent ThinkEquity: 7% cash fee, 1% expense allowance, reimbursement of $50K, and warrants for 319,150 shares.
Officers and directors subject to 3-month lock-up on share sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Twin Vee PowerCats, Co. entered into Placement Agency Agreement with ThinkEquity LLC valued at aggregate gross proceeds of approximately $3.0 million (effective 2026-02-19).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Value: aggregate gross proceeds of approximately $3.0 million
Effective: 2026-02-19

Exact text from the filing

On February 19, 2026, Twin Vee PowerCats Co., a Delaware corporation (the “Company”), entered into a placement agency agreement (the “Placement Agency Agreement”) with ThinkEquity LLC, as sole placement agent (the “Placement Agent”), pursuant to which the Company agreed to issue and sell directly to various investors in a best efforts public offering (the “Offering”) an aggregate of 6,383,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a public offering price of $0.47 per share.

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Twin Vee PowerCats, Co. filing history →

Source: SEC EDGAR

accession 0001731122-26-000283

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