Twin Vee PowerCats Announces \$1.7 Million At-The-Market Equity Offering Priced Under Nasdaq Rules

Key Highlights

• Best-efforts public offering: Twin Vee PowerCats Co. (NASDAQ: VEEE) has announced the pricing of a best-efforts offering of 4,473,000 shares of its common stock.
• Offering price: Each share will be sold at \$0.38, which is “at-the-market” under Nasdaq regulations.
• Gross proceeds: The total expected gross proceeds are approximately \$1.7 million, before deducting fees and expenses.
• Offering timeline: The offering is expected to close on March 17, 2026, subject to customary closing conditions.
• Use of proceeds: The net proceeds are intended primarily for working capital and general corporate purposes.
• Placement agent: ThinkEquity is acting as the sole placement agent for this offering.
• SEC registration: The shares are being offered under a shelf registration statement (Form S-3, File No. 333-293911), effective March 5, 2026.

Details for Shareholders and Potential Price Sensitivities

• Dilution risk: The issuance of 4,473,000 new shares will increase the total shares outstanding, which may result in dilution for current shareholders. This is a critical consideration for existing investors as it can impact the value of their holdings.
• Share price effect: The offering price of \$0.38 per share may set a reference point for market valuation in the near term. If the current market price is above this level, it could put downward pressure on the share price.
• Funding and liquidity: The company is raising capital for working capital and general purposes, signaling a need to strengthen its balance sheet, possibly in response to operational needs or to support future growth initiatives.
• Regulatory compliance: The offering is fully registered with the SEC, and all documentation (including the final prospectus) will be made available on the SEC’s website, enhancing transparency for investors.

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. is a well-recognized manufacturer, distributor, and marketer of power sport boats with a 30-year history. The company operates under the Twin Vee and Bahama Boat Works brands:

• Twin Vee PowerCats: Known for stable, fuel-efficient, and smooth-riding catamaran hull designs. The brand is positioned as one of the most recognizable names in the catamaran sport boat category, often called the “Best Riding Boats on the Water™.”
• Bahama Boat Works: An iconic luxury brand renowned for craftsmanship, timeless aesthetics, and its dedication to premium offshore fishing vessels.

The company is headquartered in Fort Pierce, Florida.

Forward-Looking Statements and Risks

This announcement contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These include expectations regarding the successful completion of the offering and the use of proceeds. Shareholders should be aware that such statements are subject to various risks and uncertainties, including but not limited to:

• Completion of the offering as planned
• Potential dilution from the new shares
• Risks detailed in the company’s filings with the SEC, including its Annual Report on Form 10-K (year ended December 31, 2025), Quarterly Reports on Form 10-Q, and other current reports

The company does not commit to updating forward-looking statements except as required by law.

Contact Information

For further inquiries, investors may contact:
Glenn Sonoda
Email: [email protected]

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. Investors should read the final prospectus and all SEC filings before making any investment decisions. The information herein is based on publicly available materials as of the date of publication and may be subject to change. Twin Vee PowerCats Co. undertakes no obligation to update the information contained in this article, except as required by law.

View Twin Vee PowerCats, Co. Historical chart here