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.

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