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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Twin Vee PowerCats, Co.: 1-for-37 reverse stock split via amendment to Articles of Incorporation (effective 2026-05-04).

Change: charter amendment
Effective: 2026-05-04

Exact text from the filing

On April 30, 2026, Twin Vee PowerCats Co. (the “Company”) filed a Certificate of Change with the Nevada Secretary of State (the “Certificate of Change”) to amend its Articles of Incorporation to effect a 1-for-37 reverse stock split of the Company’s authorized shares of common stock, par value $0.001 per share (the “Common Stock”), accompanied by a corresponding decrease in the Company’s issued and outstanding shares of Common Stock (the “Reverse Stock Split”), effective as of 12:01 a.m. Eastern Time on May 4, 2026 (the “Effective Time”), pursuant to Nevada Revised Statutes (“NRS”) 78.207.

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Source: SEC EDGAR

accession 0001731122-26-000632

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