Twin Vee PowerCats closes public offering of 6.38M shares at $0.47/share for ~$3M gross proceeds

Twin Vee PowerCats, Co.

Completed best-efforts public offering of 6,383,000 shares at $0.47/share; gross proceeds ~$3M.
Net proceeds to be used for working capital and general corporate purposes.
ThinkEquity acted as sole placement agent; fees include 7% cash fee, 1% expense allowance, and $50k expense reimbursement.
Amendment corrects effective date of registration statement from Feb 12 to Feb 13, 2026; no other changes.
Placement Agent Warrants issued for 319,150 shares (5% of offering), exercisable for 5 years.

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 of 6,383,000 shares at a public offering price of $0.47 per share (effective 2026-02-19).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Value: aggregate of 6,383,000 shares at a public offering price of $0.47 per share
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 0001731122-26-000289

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