Twin Vee PowerCats announces 1-for-37 reverse stock split to regain Nasdaq compliance

Twin Vee PowerCats, Co.

1-for-37 reverse stock split effective May 4, 2026; reduces outstanding shares from ~19.6M to ~0.5M.
Authorized common shares reduced from 500M to ~13.5M; fractional shares rounded up.
Action intended to regain compliance with Nasdaq's minimum bid price requirement; ticker remains VEEE.
No stockholder approval required; CUSIP changes to 90177C 309.
Preferred stock authorized shares unchanged at 10M; equity awards and warrants proportionately adjusted.

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