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Twin Vee PowerCats Co. reports developments tied to its power sport boat manufacturing, distribution, and marketing business. The company builds recreational and commercial boats, including Twin Vee power catamarans, 400 GFX2 models used in commercial tourism applications, and boats under the Bahama Boat Works brand for the offshore center console market.
Recurring news themes include quarterly operating results, product-line expansion, dealer network additions, custom boat orders, working-capital financing, and corporate governance actions. Company updates also cover the completed reincorporation to Nevada, equity offerings, field inventory management, product development costs, and efforts to broaden model availability through authorized marine dealers.
Twin Vee PowerCats (NASDAQ:VEEE) priced a best-efforts at-the-market offering of 4,473,000 common shares at $0.38 per share, generating approximately $1.7 million gross proceeds. The offering is expected to close on March 17, 2026 and net proceeds will be used primarily for working capital and general corporate purposes. ThinkEquity is sole placement agent. Securities offered under a Form S-3 shelf registration declared effective March 5, 2026.
Twin Vee PowerCats (NASDAQ:VEEE) announced the withdrawal of its proposed public offering of common stock on March 9, 2026. The company said there will be no sale or solicitation in any jurisdiction where unlawful prior to registration or qualification. The release reiterates forward-looking statement cautions and corporate contact information.
Twin Vee PowerCats (NASDAQ:VEEE) announced on March 9, 2026 that it intends to pursue a best-efforts public offering of common stock, subject to market conditions. The company said net proceeds will be used primarily for working capital and general corporate purposes. ThinkEquity is sole placement agent. The offering will be made under a shelf registration statement (Form S-3, File No. 333-293911) declared effective March 5, 2026; a preliminary prospectus supplement will be filed with the SEC. No assurance was given on size, timing, or completion of the offering.
Twin Vee PowerCats (NASDAQ:VEEE) announced the development of its Adventure Series, a new American-built lineup of offshore adventure day boats focused on lifestyle use. Initial platforms include 24-, 28- and 40-foot models, with both center and dual console 28-foot options planned.
The series leverages Twin Vee's catamaran hull and kinetic fluid induction tunnel for improved offshore ride quality, greater usable deck space, and stability, and will feature lifestyle amenities such as grills, icemakers, outdoor galleys, Starlink connectivity, and large Garmin displays. Further design renderings and updates are expected in coming months.
Twin Vee PowerCats (Nasdaq:VEEE) reported 2025 results and a business update. Net sales were $14.8M, gross profit $1.26M (8.5% margin), and net loss narrowed 39% to $8.6M.
Management completed a manufacturing reset, expanded Fort Pierce to ~100,000 sq ft (capacity >700 units), cut operating expenses ~27% to $10.0M, reduced field inventory from ~140 to 52 units, and acquired Bahama Boat Works assets in 2025.
Twin Vee PowerCats (Nasdaq:VEEE) closed a public offering of 6,383,000 common shares at $0.47 per share for gross proceeds of approximately $3.0 million.
The company said it intends to use net proceeds primarily for working capital and general corporate purposes. ThinkEquity acted as sole placement agent; registration became effective Jan 30, 2026, with a post-effective amendment on Feb 13, 2026.
Twin Vee PowerCats (Nasdaq:VEEE) priced a best-efforts public offering of 6,383,000 common shares at $0.47 per share, for gross proceeds of approximately $3.0 million. The offering is expected to close on February 23, 2026, subject to customary conditions.
The company intends to use net proceeds primarily for working capital and general corporate purposes. ThinkEquity is the sole placement agent and the registration statement (File No. 333-292661) became effective January 30, 2026, with a post-effective amendment on February 13, 2026.
Twin Vee PowerCats Co. (Nasdaq: VEEE) announced state approval to operate in Louisiana, clearing the way for sales through a new authorized dealer, The Boat Yard in Marrero.
The Boat Yard's initial order has been released and will enter production immediately, marking Twin Vee's official expansion into a major offshore boating market.
Twin Vee PowerCats (Nasdaq:VEEE) will host an invitation-only Bahama Boat Works Media Day on March 26, 2026 at 10:00 AM during the Palm Beach Boat Show.
The private event will unveil the relaunch of Bahama Boat Works, showcase new models, and outline integration and growth plans under Twin Vee leadership.
Twin Vee PowerCats Co (Nasdaq:VEEE) announced that subsidiary Black Line Defense has registered on the Department of Defense's new LYNX Platform to pursue government maritime contracts. The company says LYNX improves visibility into DoD requirements, streamlines qualification, and speeds engagement with federal solicitations and prime contractors.
The registration is intended to support Black Line Defense's pursuit of homeland security, naval logistics, autonomous surface vessels, and hybrid crewed-uncrewed programs, while leveraging Twin Vee's composite-boat manufacturing and U.S.-based production capabilities.