Twin Vee PowerCats Announces Closing of Offering

Resumen Rhea-AI

Twin Vee PowerCats (NASDAQ:VEEE) anunció el cierre de una oferta at-the-market de mejores esfuerzos por 6.491.900 acciones ordinarias a $0,384 por acción, con la que obtuvo aproximadamente $2,5 millones en ingresos brutos. La compañía planea utilizar los ingresos netos principalmente para capital de trabajo y para fines corporativos generales.

ThinkEquity actuó como único agente de colocación; la oferta se realizó bajo una inscripción en el Form S-3 declarada efectiva el 5 de marzo de 2026, con un prospecto final presentado el 24 de marzo de 2026.

Positivo

• Ingresos brutos de aproximadamente 2,5 millones de dólares recaudados
• Ingresos netos destinados a capital de trabajo y fines corporativos generales
• Oferta ejecutada bajo una inscripción Form S-3 efectiva

Negativo

• La emisión de 6.491.900 acciones podría diluir a los accionistas existentes
• Los ingresos brutos de 2,5 millones de dólares podrían ser limitados frente a las necesidades de capital

Key Figures

Shares Offered: 6,491,900 shares Offering Price: $0.384 per share Gross Proceeds: $2.5 million +4 more

7 metrics

Shares Offered 6,491,900 shares Best-efforts offering of common stock

Offering Price $0.384 per share At-the-market under Nasdaq rules

Gross Proceeds $2.5 million Total gross proceeds before fees and expenses

Form S-3 File File No. 333-293911 Shelf registration statement reference

Shelf Filed Date February 27, 2026 Form S-3 filing date with SEC

Shelf Effective Date March 5, 2026 Date Form S-3 was declared effective

Operating History 30 years Company boat-building and selling history

Market Reality Check

Price: $0.3450 Vol: Volume 32,078,393 is 2.09...

high vol

$0.3450 Last Close

Volume Volume 32,078,393 is 2.09x the 20-day average of 15,365,566, indicating elevated trading around the offering close. high

Technical Shares at $0.3675 are trading below the $1.90 200-day moving average, and sit 96.05% below the 52-week high of $9.30.

Peers on Argus

VEEE fell 6.68% while key peers like VMAR and MAMO were up 4.41% and 4.35%, resp...

1 Down

VEEE fell 6.68% while key peers like VMAR and MAMO were up 4.41% and 4.35%, respectively. Only one peer in momentum tracking (MPX) was down slightly, reinforcing this as a stock-specific reaction.

Previous Offering Reports

5 past events · Latest: Mar 23 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 23	Offering priced	Negative	-6.7%	Best-efforts at-the-market offering priced for about $2.5M gross proceeds.
Mar 17	Offering closed	Negative	+34.6%	Closing of 4,473,000-share offering at $0.38 for $1.7M gross.
Mar 16	Offering priced	Negative	+21.6%	Pricing of 4,473,000-share best-efforts at-the-market equity raise.
Mar 09	Offering withdrawn	Positive	-8.2%	Withdrawal of previously proposed public offering of common stock.
Mar 09	Offering proposed	Negative	-8.2%	Announcement of intent to pursue best-efforts public equity offering.

Pattern Detected

Recent offering-related headlines show mixed reactions: 1 of 5 same-tag events aligned with perceived sentiment, with frequent divergences around financing news.

Recent Company History

Over March 2026, Twin Vee repeatedly accessed its shelf registration on Form S-3. On March 9, it proposed, then withdrew, a public offering, with shares falling 8.21%. On March 16–17, it priced and closed a 4,473,000-share at-the-market offering at $0.38, raising about $1.7 million and seeing gains of 21.63% and 34.64%. On March 23, it priced the current 6,491,900-share deal at $0.384, which was followed by a 6.68% decline.

Historical Comparison

+6.6% avg move · Over the last five offering-related announcements, average post-news moves were 6.63% in magnitude, ...

offering

+6.6%

Average Historical Move offering

Over the last five offering-related announcements, average post-news moves were 6.63% in magnitude, with reactions often diverging from typical dilution expectations.

The company moved from proposing and withdrawing an offering on March 9 to successfully pricing and closing multiple best-efforts at-the-market equity raises on March 16–17 and March 23–24 under its Form S-3 shelf.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-03-05

Twin Vee has an active, effective shelf registration on Form S-3/A dated March 5, 2026, which has been used for at least 3 offerings (Form 424B5 filings on March 9, 17, and 24, 2026). This structure facilitates repeated best-efforts equity raises like the current transaction.

Market Pulse Summary

This announcement details the closing of a best-efforts at-the-market equity offering of 6,491,900 s...

Analysis

This announcement details the closing of a best-efforts at-the-market equity offering of 6,491,900 shares at $0.384, for gross proceeds of about $2.5 million, under an effective Form S-3 shelf. Proceeds are earmarked for working capital and general corporate purposes. Recent history shows multiple related offerings and an earlier withdrawal, so investors may focus on ongoing capital needs, future use of the shelf registration, and how proceeds affect liquidity and operations.

Key Terms

best-efforts offering, at-the-market, shelf registration statement, form s-3, +2 more

6 terms

best-efforts offering financial

"announced the closing of its best-efforts offering of 6,491,900 shares"

A best-efforts offering is a way of selling new securities where the broker or underwriter agrees to try to sell as many shares or bonds as possible but does not promise to buy any unsold portion. For investors, it matters because the issuer bears the risk of weak demand — the deal may raise less money or the price may be more volatile, similar to hiring a salesperson who will try hard to sell your goods but won’t guarantee any specific sales.

at-the-market financial

"Each share of common stock was sold at an offering price of $0.384 per share, at-the-market under Nasdaq rules."

"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.

shelf registration statement regulatory

"pursuant to a shelf registration statement on Form S-3 (File No. 333-293911)"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"pursuant to a shelf registration statement on Form S-3 (File No. 333-293911)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus describing the terms"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

forward-looking statements regulatory

"This press release contains certain forward-looking statements within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

FORT PIERCE, FL / ACCESS Newswire / March 24, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the closing of its best-efforts offering of 6,491,900 shares of its common stock. Each share of common stock was sold at an offering price of $0.384 per share, at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, were approximately $2.5 million.

The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.

ThinkEquity acted as the sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-293911), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on February 27, 2026, and declared effective on March 5, 2026. The offering was made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the SEC on its website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Twin Vee PowerCats Co.

Twin Vee PowerCats Co. manufactures a range of boats under the Twin Vee and Bahama Boat Works brands, designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." Bahama Boat Works is an iconic luxury brand long celebrated for its unmatched craftsmanship, timeless aesthetic, and dedication to producing some of the finest offshore fishing vessels.

The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years.

Learn more at twinvee.com and bahamaboatworks.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the intended use of proceeds.

These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to consummate the offering and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

Contact:

Glenn Sonoda
investor@twinvee.com

SOURCE: Twin Vee PowerCats Co.

View the original press release on ACCESS Newswire

FAQ

What did Twin Vee PowerCats (VEEE) announce on March 24, 2026?

They closed an at-the-market common stock offering of 6,491,900 shares for about $2.5 million. According to the company, the offering sold shares at $0.384 each and was completed under an effective Form S-3 registration with ThinkEquity as placement agent.

How many shares did VEEE sell and at what price in the March 2026 offering?

Twin Vee sold 6,491,900 common shares at $0.384 per share in the offering. According to the company, total gross proceeds before fees were approximately $2.5 million, with ThinkEquity acting as sole placement agent.

What will Twin Vee PowerCats (VEEE) use the offering proceeds for?

The company intends to use net proceeds primarily for working capital and general corporate purposes. According to the company, these funds are aimed at supporting operations and day-to-day business needs following the offering.

Where can investors find the final prospectus for VEEE's March 2026 offering?

The final prospectus supplement and accompanying prospectus are filed on the SEC website and available from ThinkEquity. According to the company, copies can be obtained via www.sec.gov or ThinkEquity's offices as described in the filing.

Who acted as placement agent for Twin Vee's offering (VEEE)?

ThinkEquity served as the sole placement agent for the offering. According to the company, ThinkEquity handled the at-the-market sales executed under the company's effective Form S-3 registration.

How might the March 2026 share offering affect VEEE shareholders?

The issuance of 6,491,900 new shares may dilute existing shareholders' ownership percentage. According to the company, the offering increased outstanding shares and provided cash but could reduce per-share holdings without offsetting value creation.