Twin Vee PowerCats Announces Pricing of Public Offering — Key Details for Investors

Key Highlights of the Announcement

• Public Offering Size and Pricing: Twin Vee PowerCats Co. (Nasdaq: VEEE) has announced a best-efforts public offering of 6,383,000 shares of common stock at a public offering price of \$0.47 per share. This pricing is a critical data point for current and prospective shareholders, indicating the company’s current valuation and the market’s appetite for its shares.
• Gross Proceeds: The company expects to raise approximately \$3 million in gross proceeds from this offering, before the deduction of placement agent fees and other expenses. The offering is scheduled to close on February 23, 2026, subject to customary closing conditions.
• Use of Proceeds: Twin Vee intends to use the net proceeds primarily for working capital and general corporate purposes. This is a typical use for such capital raises, but investors should note that the company has not earmarked these funds for any specific strategic initiative, such as acquisitions or R&D.
• Placement Agent: The sole placement agent for the offering is ThinkEquity.
• Regulatory Filing Status: A registration statement on Form S-1 was declared effective by the SEC on January 30, 2026, with a post-effective amendment effective on February 13, 2026. This ensures the offering is fully registered and compliant with securities regulations.

Details Investors and Shareholders Must Know

• Dilution Risk: The issuance of over 6 million new shares will result in dilution for existing shareholders. This is a key factor that could impact the company’s share price, as the value of each existing share will be spread over a larger base.
• Potential Share Price Impact: The offering price of \$0.47 per share may set a near-term price reference point for the stock. If this price is below recent trading levels, it could exert downward pressure on the share price.
• Business Update: Twin Vee PowerCats Co. is a well-established manufacturer, distributor, and marketer of power sport boats under the Twin Vee and Bahama Boat Works brands. The company highlights its 30-year operational history and reputation for high-quality, stable, fuel-efficient catamaran hull designs—named “Best Riding Boats on the Water™.” Bahama Boat Works is also described as an iconic luxury brand in offshore fishing vessels, known for craftsmanship and timeless design.
• Forward-Looking Statements and Risks: The company emphasizes that this announcement contains forward-looking statements subject to risks and uncertainties, including the risk that the offering may not be consummated. Investors are encouraged to review the company’s filings, including its most recent 10-K, 10-Q, and 8-K reports, for a full understanding of the risks involved.

How to Access the Prospectus

The offering is being made solely by means of a prospectus, which can be obtained from ThinkEquity or accessed on the SEC’s website at www.sec.gov. Investors are strongly encouraged to review this document before making any investment decisions.

Contact Information

For further inquiries, shareholders and potential investors can contact:
Glenn Sonoda
[email protected]

Conclusion

This public offering is a significant corporate event for Twin Vee PowerCats Co., with potential implications for the company’s capital structure and share price. The dilution effect and the offering price are of particular importance to shareholders and may influence market sentiment in the short term. As always, investors should consider both the opportunities and risks presented by this transaction.

Disclaimer: This article is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Investing in public offerings involves risks, including possible loss of principal. Investors should consult the official prospectus and their financial advisor before making investment decisions. The information herein is based on publicly available disclosures as of the date of publication and may be subject to change.

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