Twin Vee PowerCats Announces Offering Priced At-The-Market Under Nasdaq Rules

Rhea-AI Summary

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.

Positive

• Offering size: 4,473,000 shares
• Gross proceeds of approximately $1.7 million
• Proceeds intended for working capital and general corporate purposes

Negative

• Potential shareholder dilution from 4.47M share issuance
• Offering priced at market implies no premium to current trading levels
• Close subject to customary conditions; completion not guaranteed

News Market Reaction – VEEE

-7.15% 15.0x vol

79 alerts

-7.15% Session close to close

+48.1% Peak Tracked

-27.4% Trough Tracked

$5.36M Market Cap

15.0x Rel. Volume

In the Mar 16 session, VEEE declined 7.15%, reflecting a notable negative market reaction. Argus tracked a peak move of +48.1% during that session. Argus tracked a trough of -27.4% from its starting point during tracking. Our momentum scanner triggered 79 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 15.0x the daily average, suggesting significant selling pressure.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -7.2% in the session following this news. A negative reaction despite positive liqui...

Analysis

The stock moved -7.2% in the session following this news. A negative reaction despite positive liquidity implications fits VEEE’s pattern around offerings, where similar headlines averaged about -15.35%. Investors have often focused on dilution and low pricing levels rather than balance sheet benefits. With an active shelf and repeated best‑efforts deals, additional issuance risk remained a central concern. Heavy trading relative to the 9,164,679 share average could have amplified downside once the $0.38 at‑the‑market terms were disclosed.

Key Figures

Shares offered: 4,473,000 shares Offering price: $0.38 per share Gross proceeds: approximately $1.7 million +5 more

8 metrics

Shares offered 4,473,000 shares Common stock in March 16, 2026 best-efforts ATM offering

Offering price $0.38 per share Priced at-the-market under Nasdaq rules

Gross proceeds approximately $1.7 million Total gross proceeds before fees and expenses

Expected close date March 17, 2026 Scheduled closing of current offering, subject to conditions

Shelf file number File No. 333-293911 Form S-3 shelf registration used for this offering

Shelf registration amount $100,000,000 Maximum securities under S-3 shelf filed March 2, 2026

Price change 21.63% Pre-news 24h move in VEEE shares

52-week range $0.2647 – $9.30 Low and high prior to this announcement

Previous Offering Reports

5 past events · Latest: Mar 09 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 09	Offering withdrawn	Positive	-8.2%	Company withdrew a previously proposed public equity offering.
Mar 09	Proposed offering	Negative	-8.2%	Announcement of intent to pursue best‑efforts common stock offering.
Feb 23	Offering closed	Negative	-2.1%	Closing of 6,383,000‑share public offering for ~$3.0M gross proceeds.
Feb 19	Offering priced	Negative	-51.9%	Pricing of 6,383,000‑share offering at $0.47 per share.
May 12	Offering closed	Negative	-6.3%	Closing of 750,000‑share offering at $4.00 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Offering-related announcements have typically been followed by negative moves, with an average same-tag reaction of about -15.35%. Today’s positive move contrasts with that pattern.

Recent Company History

Over the past year, Twin Vee has repeatedly tapped equity markets via best‑efforts offerings, including pricing and closing events in February 2026 and a completed offering in May 2025. These deals, along with proposed and withdrawn offerings on March 9, 2026, were generally followed by single‑ to double‑digit percentage declines. The current March 16, 2026 at‑the‑market offering continues this capital‑raising trend but occurs against an unusual pre‑announcement price spike versus past offering reactions.

Key Terms

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

7 terms

at-the-market financial

"offering price of $0.38 per share, priced 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.

best-efforts offering financial

"announced the pricing of a best-efforts offering of 4,473,000 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.

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

"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.

placement agent financial

"ThinkEquity is acting as the sole placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

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. How Rhea-AI works. Not financial advice.

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FORT PIERCE, FL / ACCESS Newswire / March 16, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the pricing of a best-efforts offering of 4,473,000 shares of its common stock. Each share of common stock is being sold at an offering price of $0.38 per share, priced at-the-market under Nasdaq rules. Total gross proceeds from the offering, before deducting the placement agent fee and other offering expenses, are expected to be approximately $1.7 million. The offering is expected to close on March 17, 2026, subject to satisfaction of customary closing conditions.

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

ThinkEquity is acting as the sole placement agent for the offering.

The securities will be 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 will be made only by means of a written prospectus. A final prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov. Copies of the accompanying prospectus and final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, 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 timing and completion of the proposed offering and 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 (VEEE) announce on March 16, 2026 about an offering?

Twin Vee priced a best-efforts at-the-market offering of 4,473,000 shares at $0.38 each. According to the company, gross proceeds are expected to be about $1.7 million and the offering is expected to close on March 17, 2026, subject to closing conditions.

How will the VEEE offering proceeds be used by Twin Vee PowerCats?

The company intends to use net proceeds primarily for working capital and general corporate purposes. According to the company, no specific projects or acquisitions were identified in the announcement and use is stated in broad terms.

When will the Twin Vee (VEEE) offering close and who is the placement agent?

The offering is expected to close on March 17, 2026, subject to customary closing conditions. According to the company, ThinkEquity is acting as the sole placement agent for the offering under a Form S-3 registration.

How much gross capital will Twin Vee (VEEE) raise from the offering?

Gross proceeds are expected to be approximately $1.7 million before fees and expenses. According to the company, that figure is before deducting the placement agent fee and other offering-related costs.

Will the VEEE at-the-market offering dilute existing shareholders?

Yes; issuing 4,473,000 new shares will dilute existing holders unless offset by buybacks or retirements. According to the company, the offering increases outstanding shares, though no dilution percentage was provided in the announcement.

Where can investors find the Twin Vee (VEEE) prospectus and regulatory filings?

A final prospectus supplement and accompanying prospectus will be filed with the SEC and available at www.sec.gov. According to the company, the offering is being made only by means of a written prospectus from the Form S-3 shelf registration.