Highest-materiality recent filing
Twin Vee PowerCats notifies CEO Visconti of non-renewal; he continues as at-will CEO/CFO/President
Notice of non-renewal of employment agreement sent to Joseph Visconti on May 17, 2026.
Twin Vee PowerCats announces 1-for-37 reverse stock split to regain Nasdaq compliance
1-for-37 reverse stock split effective May 4, 2026; reduces outstanding shares from ~19.6M to ~0.5M.
Twin Vee PowerCats increases VP Preston Yarborough's base salary to $250,000
Compensation Committee approved salary increase for VP Preston Yarborough to $250,000/year effective April 21, 2026.
Twin Vee PowerCats reincorporates from Delaware to Nevada for cost savings and flexibility
Reincorporation to Nevada effective April 10, 2026, approved by stockholders at Nov 2025 annual meeting.
Twin Vee PowerCats receives Nasdaq delisting notice for bid price deficiency
Nasdaq notified on April 2, 2026 that stock failed $1.00 minimum bid price for 30 consecutive business days.
Twin Vee PowerCats prices $2.5M common stock offering at $0.384/share
Gross proceeds ~$2.5M from 6.49M shares at $0.384/share, offering closed March 24.
Twin Vee PowerCats raises $1.7M in offering of 4.47M shares at $0.38/share
Issued 4,473,000 shares at $0.38 each; gross proceeds ~$1.7M; offering closed March 17, 2026.
Twin Vee PowerCats enters 5-year related-party lease with CEO-owned entity for HQ facility
Lease with Visconti Holdings (owned by CEO Joseph Visconti) for 100,000 sq ft facility in Fort Pierce, FL.
Twin Vee PowerCats closes public offering of 6.38M shares at $0.47/share for ~$3M gross proceeds
Completed best-efforts public offering of 6,383,000 shares at $0.47/share; gross proceeds ~$3M.
Twin Vee PowerCats raises ~$3M in public offering of 6.38M shares at $0.47/share
Offering of 6,383,000 shares at $0.47 per share; gross proceeds ~$3.0M.
Bahama Boat Works entered partnership with Mercury Marine (Brunswick Corp division) to accelerate growth.
Twin Vee appoints CEO Joseph Visconti as interim CFO; prior interim CFO Searles terminated
Joseph Visconti appointed Interim CFO effective Jan 9, 2026, succeeding Scott Searles, whose employment terminated same day.
Twin Vee reports three consecutive quarters of YoY sales growth; cites expanding catamaran market
Three consecutive quarters of year-over-year sales growth: Q2, Q3, Q4 of fiscal 2025.
Twin Vee PowerCats elects Carol Craig and Larry Swets to board; reincorporation to Nevada approved
Carol Craig and Larry Swets elected as Class I directors, effective Dec 4, 2025; Marcia Kull and Neil Ross departed.
Twin Vee sells NC property for $4.25M; gains $241k on sale
Property sold Oct 31 for $4.25M; cash $500k at close plus $3.75M seller-financed note at 5%.
Twin Vee PowerCats will conduct investor presentations in the weeks following October 22, 2025.
Twin Vee PowerCats appoints Scott Searles as Interim CFO effective Sept 17, 2025
Scott Searles, 50, appointed Interim CFO; 90-day term with $60,000 base salary.
Twin Vee reports AI-driven growth at BoatsForSale.com: 67% organic click increase
Since February 2025 acquisition, organic clicks up 67%, search impressions up 158% to over 2M/month.
Twin Vee Q2 revenue up 9.9% to $4.8M; gross margin improves 910 bps to 13.8%
Revenue of $4.8M, up 9.9% YoY; gross margin of 13.8%, an improvement of 910 basis points.
Twin Vee amends IP license deal; assigns rights to Wizz Banger and guarantees obligations
First Amendment to Feb 2025 license/sale agreement for yachtsforsale.com and boatsforsale.com IP.
CFO Mike Dickerson resigns; effective Sept 14, 2025
Mike Dickerson notified the company of his resignation as CFO on June 17, 2025.
Twin Vee PowerCats adopts Wizz Banger stock plan; grants options to executives
Adopted Wizz Banger 2025 Subsidiary Stock Incentive Plan, reserving 2,800,000 shares of Wizz Banger common stock.
Twin Vee acquires Bahama Boat Works brand assets for $100K upfront plus up to $3M contingent
Acquired Bahama Boat Works brand assets via Asset Purchase Agreement on June 5, 2025. Consideration: $100K upfront plus up to $3M contingent on revenue from new 31'-41' boat models.
On June 17, 2025, Mike Dickerson, the Chief Financial Officer of Twin Vee PowerCats Co. (the “Company”), notified the Company of his decision to resign, effective September 14, 2025, from his position as the Company’s Chief Financial Officer.
Max materiality 0.80 · Median 0.55 · Most common event other_material