Twin Vee PowerCats enters merger with USFM; shareholders to receive 10% of acquirer's stock

Twin Vee PowerCats, Co.

Merger consideration: each Twin Vee share converted into pro rata portion of 10% of USFM's fully diluted shares post-closing.
Pre-closing CVR restructuring: Twin Vee assets/liabilities contributed to trust; net proceeds to existing stockholders.
Termination fees: Acquiror pays $500k if fails to get approval or by Oct 31, 2026; Company pays $1.5M for superior proposal.
CFO change: Joseph Visconti resigns as interim CFO; Michael P. Dickerson appointed interim CFO, receives 3,970 RSUs and $50k cash.
Support agreement: a stockholder agrees to vote shares in favor of merger and against alternative proposals.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Joseph Visconti

Interim Chief Financial Officer

VEEE · Twin Vee PowerCats, Co.

Effective: 2026-07-10
Successor: Michael P. Dickerson
Filed: July 13, 2026, 9:26 AM ET

Joseph Visconti, the Company’s Chief Executive Officer and President has resigned his role as the Company’s Interim Chief Financial Officer, effective as of July 10, 2026.

Appointed (interim)

Michael P. Dickerson

Interim Chief Financial Officer

VEEE · Twin Vee PowerCats, Co.

Effective: 2026-07-11
Filed: July 13, 2026, 9:26 AM ET

On July 11, 2026, the Company appointed Michael P. Dickerson to be the Company’s Interim Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Visconti resigned as Interim Chief Financial Officer at Twin Vee PowerCats, Co..

Action: resigned
Role: Interim Chief Financial Officer

Exact text from the filing

Joseph Visconti, the Company’s Chief Executive Officer and President has resigned his role as the Company’s Interim Chief Financial Officer, effective as of July 10, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael P. Dickerson was appointed as Interim Chief Financial Officer at Twin Vee PowerCats, Co..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On July 11, 2026, the Company appointed Michael P. Dickerson to be the Company’s Interim Chief Financial Officer.

View on SEC.gov

Twin Vee PowerCats, Co. filing history →

Source: SEC EDGAR

accession 0001731122-26-000931

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