Twin Vee PowerCats Announces Proposed Public Offering of Common Stock

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.

Rhea-AI Summary

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.

Positive

• Intended offering to raise capital for working capital
• Placement agent secured: ThinkEquity
• Offering covered by effective Form S-3 shelf (declared effective March 5, 2026)

Negative

• Offering subject to market conditions; completion and size uncertain
• Potential shareholder dilution if shares are issued

Argus Mar 10 session

-8.21% close to close Open Argus

Details

News Market Reaction – VEEE

On Mar 10, the first trading day after this news, VEEE closed 8.21% below the previous close.

Data tracked by StockTitan Argus for the Mar 10 session.

Market Context

On Mar 10, the first trading day after this news, the stock closed 8.2% below the previous close. A ...

Analysis

On Mar 10, the first trading day after this news, the stock closed 8.2% below the previous close. A negative reaction despite the routine nature of a capital raise fits Twin Vee’s history around offerings, where prior events averaged about -33.6%. The proposed best-efforts sale under the recent Form S-3 shelf adds to February’s $3.0M raise and follows a 2025 net loss of $8.6M, reinforcing dilution and funding concerns. With the stock already far below its $9.30 52-week high, additional use of the $100,000,000 program would remain a key risk factor.

Key Figures

Shelf registration size: $100,000,000 Recent offering shares: 6,383,000 shares Recent offering price: $0.47 per share +5 more

Shelf registration size

$100,000,000

Maximum aggregate securities under S-3 shelf filed 2026-03-02

Recent offering shares

6,383,000 shares

Best-efforts public offering closed Feb 23, 2026

Recent offering price

$0.47 per share

Best-efforts public offering pricing February 19, 2026

Recent gross proceeds

$3.0 million

Best-efforts offering closed February 23, 2026

Shares outstanding

8,620,299 shares

Common stock outstanding as of March 9, 2026 (424B5)

2025 net loss

$8,607,273

Net loss for year ended December 31, 2025 (10-K)

Current share price

$0.39

Pre-news price on article date

52-week trading range

$0.2647 – $9.30

52-week low and high before this announcement

Previous Offering Reports

5 past events · Latest: Feb 23

Same Type 5 events

1. Feb 23

   Offering closing

   24h Move

   -2.1%

   Closed best-efforts offering of 6,383,000 shares at $0.47 for ~$3.0M.

2. Feb 19

   Offering pricing

   24h Move

   -51.9%

   Priced best-efforts offering of 6,383,000 shares at $0.47 for ~$3.0M.

3. May 12

   Offering closing

   24h Move

   -6.3%

   Closed offering of 750,000 shares at $4.00, gross proceeds $3M.

4. May 08

   Offering pricing

   24h Move

   -53.8%

   Priced 750,000-share offering at $4.00 targeting $3M gross proceeds.

5. May 08

   Offering announcement

   24h Move

   -53.8%

   Announced planned underwritten stock offering under existing shelf registration.

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

Key Terms

best-efforts public offering, shelf registration statement, form s-3, prospectus supplement, +1 more

5 terms

best-efforts public offering financial

"it intends to offer to sell shares of common stock in a best-efforts public offering."

A best-efforts public offering is when an investment bank or broker agrees to act as a salesperson for a company’s new stock or bond sale but does not promise to buy any unsold shares. Think of it like a consignment sale: the seller provides the goods and the agent tries to find buyers, and the final amount raised depends on demand. For investors this signals that market interest and pricing are uncertain and the company may raise less capital than planned.

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 preliminary 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. How Rhea-AI works. Not financial advice.

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FORT PIERCE, FL / ACCESS Newswire / March 9, 2026 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that it intends to offer to sell shares of common stock in a best-efforts public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.

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 preliminary prospectus supplement and accompanying prospectus describing the terms of the offering has been or will be filed with the SEC on its website at www.sec.gov. Copies of the preliminary 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. Before investing in this offering, interested parties should read in their entirety the preliminary prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such preliminary prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Twin Vee (VEEE) announce on March 9, 2026 about a stock offering?

Twin Vee announced it intends to pursue a best-efforts public offering of common stock. According to the company, the offering is subject to market conditions and may vary in size or timing, and a preliminary prospectus supplement will be filed with the SEC.

How will Twin Vee (VEEE) use proceeds from the proposed offering?

The company intends to use net proceeds primarily for working capital and general corporate purposes. According to the company, no additional specific allocations or dollar amounts were provided in the announcement.

Who is the placement agent for Twin Vee's (VEEE) public offering and what filing covers it?

ThinkEquity is acting as the sole placement agent for the offering. According to the company, the offering will be made under an effective Form S-3 shelf registration (File No. 333-293911), declared effective March 5, 2026.

Does the March 9, 2026 Twin Vee (VEEE) announcement guarantee the offering will occur?

No, the company did not guarantee completion; the offering is subject to market conditions. According to the company, there can be no assurance as to whether, when, or on what terms the offering may be completed.

Where can investors find the Twin Vee (VEEE) prospectus for the proposed offering?

Investors can obtain the preliminary prospectus supplement and accompanying prospectus from the SEC website or ThinkEquity. According to the company, documents will be filed with the SEC and copies available from ThinkEquity's New York office.