Twin Vee PowerCats revokes invalid Nevada reincorporation; seeks stockholder ratification of reverse split

Twin Vee PowerCats, Co.

April 2026 reincorporation from Delaware to Nevada invalid due to insufficient stockholder approval; now revoked.
1-for-37 reverse stock split executed April 30 with only board approval is invalid under Delaware law.
Preliminary proxy filed Aug 4, 2026 seeks stockholder ratification of the reverse split under Delaware law.
Board approved bylaw amendment reducing quorum for stockholder meetings from majority to at least 1/3 of shares.

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